Il Treasury has auctioned off all 4,5 billion new CTZs maturing in 2014. There are good indications: the requests have exceeded the quantity offered by 1,714 times and it is not decided decline the yield dropped to 3.763% against 4,85% of the previous auction.
The Btp auction was also positive maturing in September 2014 indexed to euro area inflation. 500 million have been placed on the market (the maximum of the 250-500 million frochetta previously foreseen) iThe return was equal to 3,2% and the bid-to-cover rate stood, in this case, at 2,79.
