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Auction Bot: demand ok, rates rising

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Result in chiaroscuro for the last auction of Italian government bonds. This morning the Treasury filled up with bots at six months, placing titles for 7 billion euros. Good one question, which reached 11,242 billion, for a coverage ratio of 1,61. THE interest rates however, they increased, reaching 0,594%, from 0,504% in the last auction at the end of March.

After communication of the result of the auction, the Milan Stock Exchange 0,75% salt (best Mediaset title, which rises on the Ftse Mib by 2,54%), while the BTP-Bund spread travels slightly up, to 163 basis points.  

Tomorrow the test for the Treasury will be more delicate, with the offer of 5 and 10-year BTPs up to 6,5 billion and Ccteu up to 2,5 billion.

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