success forBtp auction this morning. The Treasury has placed all 3 billion euros of 5-year bonds with yields falling below 2% for the first time, at the new all-time low of 1,88%, from the 2,14% reached in the February auction . Demand fell slightly, with the coverage ratio down to 1,41 from the previous 1,60.
Also placed ten-year BTPs for 3,75 billion, with rates down to 3,29%, e CcTeu new benchmark for 3,25 billion, with yields down to 1,30%.
After the announcement of the result of the auction, Piazza Affari has already started in positive territory thanks to substantial purchases on Intesa Sanpaolo and Pirelli – accelerated upwards (+1,4%), achieving the best performance among the main European stock exchanges. The Btp-Bund spread, on the other hand, rose slightly to 177 basis points.
Among the best titles of the Ftse Mib, in addition to Understanding (+ 4,83%) and Pirelli (+3%), the other banks also shine: Banco Popolare (+4,5%, also thanks to green light for the capital increase arrived from Consob), bpm (+ 2,9%), Ps (+ 2,85%), Unicredit (+ 1%) and Ubi (+ 1,71%).
