The Treasury returned today to the primary government bond market. Today's Ctz auction saw the placement of two-yearly Ctzs for 2,75 billion euros (expected range was between 2 and 2,75 billion) at an average yield of 0,385, up on the 0,326% achieved in the Ctz auction than a month ago and which corresponded with the historical low. For the two-year Ctz (expiring in April 2016) there was a marked increase in demand which was 2 times the amount offered against 1,57 times in the previous auction.
Also allocated were 10 and 30-year inflation-indexed BTPs for a total of 966 and 497 million respectively. The 2024 Btpei was assigned a yield of 1,16%, while that of 2041 at 2,12%.
