The Treasury placed 4 billion this morning Three-year BTP, with maturity November 15, 2014. Yields fell to 3,41%, against 4,83% of the previous placement. Good demand, amounting to 5,617 billion euros.
Also place five-year BTPs for 685,6 million euros, lower than the 2 billion of the maximum expected offer, against a request of 1,6 billion. Yields at 3,77%.
Finally also sold ten-year BTPs at a rate of 4,26%, for a total amount of 1,3 billion, against a demand of 2,2 billion. After the auction, the spread returned to 360 basis points, the low of the day.
