Results in chiaroscuro for today's auctions BTP. The Treasury placed 10-year bonds for three billion and five-year bonds for 3,9 billion. On ten-year bonds, the rate fell to 4,66% from the 4,83% recorded in the similar auction a month ago, while demand came close to four billion, with a coverage ratio of 1,33. In the second case, however, the yield rose to 3,65% from 3,59% a month ago and the demand was equal to 1,219 times the supply.
Meanwhile, the markets are still tense, fearing that the solution found for the banks in Cyprus could also be extended to other countries in the Eurozone, including Italy. Piazza Affari yields more than one and a half percentage points and is the worst of the European Stock Exchanges. In the same minutes, the Btp-Bund spread travels at 345 basis points, up by more than 20 points compared to yesterday's closing.
There is talk of a possible downgrade of Moody's in our country. The rating agency said it was looking "at Bersani's efforts to form a government". This morning the Pd secretary closed the consultations talking to the 5 Star Movement, which closed the door to any understanding.
