The Treasury is full of BTP. This morning the Ministry of the Economy put it up for auction titles at three and 15 years respectively for three and two billion euros, in both cases the maximum amount offered. THE interest rates they fell to 0,84% on three-year bonds – a new all-time low – and to 3,44% on 15-year bonds. Demand at good levels but down compared to last month's auctions.
Immediately after the announcement of the result of the auctions, Business Square travels up 1,38%, to 20.771 points, while the BTP-Bund spread it stands at 170 basis points, slightly down on yesterday's close.
The decrease in tension on the equity and bond markets is largely linked to assurances arrived from Portugal on the future of Banco Espirito Santo, an institution whose default was feared in recent days.
