The Bot Auction Btp to 5 years closed with the assignment of the entire offer (3 billion) ad un rate equal to 6,29%: the highest since 1997 but still down compared to Friday. The Treasury placed all 3 billion bonds at a yield of 6,29%. The request was equal to 1,46 times the securities offered.
Last week yields for five-year BTPs reached a peak of 7,50%. Between September and mid-October, 5,00%-5,50% traveled in the area. It continues like this, but with difficulty, the return from the emergency after the peaks touched last Wednesday. On the market, the yield on ten-year BTPs rose again to 6,38% (-9 basis points compared to Friday) compared to 6,32% at the start of the morning, while the spread with the Bund it's back over 460 basis points.
The index FtseMib had reduced the rise in Milan to +0,4% from the initial 1,3%. The stock exchanges of London (-0,1%), Paris (-0,6%) and Frankfurt (-0,4%) are negative. In Piazza Affari the banks remain positive: Ubi earns 2,5%, Understanding + 1,3% Unicredit + 1% Banco Popolare + 1,8 % MontePaschi +3,3%. Auto stocks are weak. Fiat drops by 0,4%, Fiat Industrial -2,1% Pirelli -1,5%.
The rise in oil, with the WTI at 99 dollars a barrel, helps sector stocks and in particular Tenaris, up 2,8%. Saipem rises by 0,5%, Eni +0,1%.
Maire Tecnimont advances by 3,1%. Diasorin advances by 1,3%. Safilo up 3% after the announcement of the license with Celine. Among small and medium-sized companies, Prelios it is suspended due to excessive reduction after the disappointing results of the quarterly; Landi renzo loses 4,1%.
