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Spreads down after the Btp auction: it drops below 460

The spread between BTPs and Bunds drops to 460 basis points after the Treasury auction which placed 5 and 10-year BTPs for a total of 5,47 billion euros.

Spreads down after the Btp auction: it drops below 460

The spread between BTPs and Bunds drops to 460 basis points after the Treasury auction which placed 5 and 10-year BTPs for a total of 5,47 billion euro. The yield on ten-year BTPs fell below 6% and stood at 5,99%. Piazza Affari also benefited from the good results of the auction, in the wake of the excellent closing on Friday following Draghi's words, later strengthened by the support of Mario Monti and Angela Merkel.

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