Rain of orders for the new Btp to 10 years, announced only yesterday by the Ministry of the Economy and placed today through a syndicate. Requests have exceeded quota for the first time 100 billion euros, making a mark on a new historical record. In the end, the Treasury collected everything 14 billion euros. The deadline in December is set at December 2030.
The MEF has entrusted the mandate for the syndicated placement of the new benchmark to a pool of banks made up of Bnp Paribas, Citigroup, HSBC France, Mps Capital Services, NatWest Markets and Unicredit.
After the success of the BTP Italia, therefore comes another sign of the attention paid by the market to Italian public securities.
For the interest rate, the new Btp recognizes a spread of 9 basis points on the yield of the previous ten-year benchmark, which yesterday closed at 1,55% and is rising slightly today, to 1,60%. The indication is reported by the Radiocor news agency, which cites financial sources.
To get an idea of the European context, just think that – on the same maturity – the government bonds of Portugal and Spain offer yields slightly above 0,50%, while only Greece pays higher rates than the Italian ones.
The placement of the new 10-year BTP comes on the eve of an important one ECB board meeting. Market expects Eurotower to increase scope of pandemic-related stock purchase plan (pep), currently set at 750 billion euros.
Meanwhile, the first ones arrived on Tuesday official data on the distribution of purchases: between the end of March and the end of May, the ECB bought 37 billion of Italian government bonds, with a deviation of 4,7% (less marked than expected) with respect to the criterion of shares in the capital of the European Central Bank .
