Italy finances itself at no cost. The Treasury has assigned in full the 6,5 billion semi-annual BOTs offered today in the auction and the interest rate was equal to zero. Demand was very strong, amounting to 11,7 billion, for a coverage ratio of 1,80. The Bank of Italy communicated it at the end of the morning.
Immediately after the announcement of the result of the auction, the Milan Stock Exchange dropped 0,25% (in recovery compared to the opening), while the Btp-Bund spread decreased to 119 basis points.
