The Treasury closes this morning's BTP auction with little moved rates in the face of sustained demand. In detail, the Ministry of the Economy has placed securities for 5,5 billion overall, of which three in ten-year bonds and 2,5 in five-year bonds.
As for 10-year BTPs, interest rates they rose from 2,39% in the previous auction to 2,45%. On the other hand, on the five-year maturity, the yield fell from 1,10 to 1,06%, a new all-time low. High level of Required Knowledge, with coverage ratios at 1,34 and 1,48 respectively.
Finally, the Treasury also placed 2,9 billion Cct Eu maturing in 2020 at a yield of 1,08%, eight basis points less than in the previous similar auction.
Immediately after the announcement of the result of the auctions, Business Square travels down by 0,8%, while the BTP-Bund spread it rises to 147 basis points.
