CTZ AUCTION, THE YIELD RISES TO 1,682. SPREAD TO 286. FLOWING BAGS AWAITING THE COUNTING OF THE VOTES
The Treasury has assigned Ctz 2014 for 2,82 billion euros, slightly less than the maximum target of 3 billion, but with a yield up to 1,682% from the 1,434% of the January auction. Inflation-indexed BTPs maturing in 2021 and 2026 were also assigned for 1,25 billion euros, the maximum amount envisaged. On the 2021 maturity, the average yield was 2,79% and on 2026 it was 3,23%.
The Btp-Bund spread moved little with fluctuations of 286 basis points after the Treasury auction. The yield of the ten-year BTP is 4,43%. The outcome of the auction comforts Piazza Affari +1.65% to 16.500 pending the closing of the polls. The other European Stock Exchanges also rose: London +0,63%, Paris +1,29% and Frankfurt +2,04%. The euro moved little against the dollar at 1,322, but it reached its highest level since October 2011 against the British pound at 0,877.
Among bank stocks, Unicredit +3,07% and Intesa +2,9%%. Ubi +2,5% and Bper +2,05% are also on the rise. Generali rises by 2,52%. Fiat also on the rise +1,49%. and Pirelli +1,16%. Autogrill +1,77% advances in parallel with the progress of the plan for the spin-off of the duty free activities. Finmeccanica +1,46%, Ansaldo StS +1,66%, StM +1,5% and Prysmian +1,91% rebounded. The only stock in negative territory is Terna -0,6%. Mediaset scores +0,3%.
