The first auction of government bonds carried out under the Monti government did not bring good news. The yield of semi-annual Bots increased by almost double to the 6,504% compared to 3,535% in the previous auction on 26 October. However, the demand was good: in fact, all the 8 billion six-month BTPs offered were placed.
The Treasury also placed the entire 2 billion Ctz maturing in 2013 with a yield of 7,814%. Also in this case the interest has almost doubled compared to the 4,628% of the last auction at the end of October. Demand exceeded supply by nearly €1,2 billion.
He suffered it right away spread between 10-year BTPs and their equivalent German Bunds which jumped to 510 basis points, the highest since this morning.
