OK VERY LONG-TERM TREASURY AUCTIONS
BPM DEFLATES, FINMECCANICA LANDSLIDE CONTINUES
Italy placed 1,74 billion euros this morning Long and very long term BTPs, the issue target was precisely the level reached, 1,75 billion euro. The 886 million euro of Btp in 2026 were issued at 4,55% with a request equal to 1,58 times the offer. The 880 million Btp maturing in 2040 were placed at 5,07%: yesterday this same security yielded 5,16%. The Treasury also issued 3,44 billion euro of 3-year BTPs at 2,30%.
Sul packaging, the 10-year BTP yields 4,46% (-3 basis points) and the spread with the Bund drops to 280 basis points (-7 basis points) Meanwhile, the spread between the BTP and the Bund is still falling. The yield differential between Italy and Germany on ten-year maturities has fallen below the threshold of 280 basis points and currently stands at 275 cents, down by more than 10 basis points compared to yesterday's close. The yield on the Italian ten-year maturity, which is now worth 4,44 percent, also falls.
La Milan Stock Exchange it goes back and forth without straying too far from parity. Ftse Mib index -0,12% to 16624 . Same situation in Europe.
London e Paris they are down by 0,26%. Frankfurt -0,08%.
THEeuro regains ground on the dollar to 1,3475 from 1,345 at the close. The single European currency has canceled the losses on the yen, the cross trades at 125,81.
The riser is turned off Banca Popolare di Milano -0,52%, protagonist of a burning start at +7%. Yesterday evening, the bank announced that the Management Board had launched "all the analyzes and insights useful for defining the operational aspects of a project that allows the Bank to complete its path of change through the transformation into a joint-stock company innovative".
Fight the other banks: Intesa and Unicredit are down by 0,9%, Monte Paschi -1,2%.
In Paris Société Générale loses 4%. The second French bank announced that the quarter closed with a net loss of 476 million euros from the profit of 100 million in the same period of the previous year and analysts forecasting a deficit of 203 million. The red is due to a goodwill write-down of 392 million euros and a provision of 300 million euros to cover legal costs.
The decline continues today Finmeccanica -3,53% despite the fact that short selling is prohibited.
Il Indian government declared that if the allegations of corruption that led to the imprisonment of President Giuseppe Orsi are proven, AgustaWestland will be included in the "black list" and the agreement for the purchase of 12 helicopters will be cancelled. Yesterday evening Fitch announced that it had put the rating under review with a view to a downgrade.
Fiat salt by 0,63%. In Paris meanwhile it goes up Peugeot +3%, despite the shock loss of 5 billion announced by the manufacturer.
They move i oil: Eni +0,29% and Saipem +1,44%. WTI crude trades at 97,6 dollars a barrel, on the highs of the last week also following the drop in weekly oil inventories.
Lottomatica salt by 1,9%. The company communicated the preliminary results for 2012: turnover up 3,4% year on year and Ebitda up 6%. Net debt amounted to 2,546 billion eu, down on 2011 and better than analysts' forecasts. Deutsche Bank raised the target to 18,5 euros from 16,6 euros, confirmed the Hold opinion.
