Yields continue to fall in auctions of government bonds. This morning, in fact, the Treasury placed Ctz at 24 months and Btp at 10 and 15 years for a total of 3,5 billion with a further decrease in interest rates compared to previous issues.
In the auction of BTPs, indexed to inflation in the Eurozone, 979 million euros were placed with return equal to zero, while for the Btpei maturing in 2026, 520 million were placed with a yield of 0,13%. Despite the rates, demand is good, with bids to cover at 1,67 and 2,61 respectively.
As regards the auction of the Ctz, expiring in February 2017, the maximum amount of 2 billion euros was placed, against a demand of 3,27 billion. Yield dropped to historic low of 0,162%, 6 points less than the auction of February 24th.
