Fears for political stability in France are worrying investors. The yield spread with the bund has risen to its highest since 2011, marked by the eurozone debt crisis. Instead, the BTP is improving and the France-Italy gap…
As US stocks take a breather from the post-Trump frenzy, the dollar and US Treasury yields are skyrocketing. Commodities fall on Chinese weakness. Keep an eye on US inflation data today. European stocks await…
How will markets move based on who the new US president is? Financial analysts have predicted which sectors, stocks, and monetary policies will have the most impact one way or the other depending on the winner. Including…
Despite being hit by scandals involving its employees, the Japanese brokerage giant has posted stellar profits
For the French, fear is 80: this is the key threshold on which the differential with Germany has returned, even higher than that of the Spanish, on the perplexities linked to the new government. The Btp/bund spread is little affected
Inflation continues to weigh on the Eurozone, with forecasts of an increase of up to 2,5% in 2024. The ECB will act on rates with flexibility, without following a specific path, but based on economic data.
With markets in turmoil, gold and bonds offer stability, while Bitcoin hits its lowest level since January. In one day, the value of cryptocurrencies drops by more than $300 billion
Sales on Nvidia send European stock markets into the red, also weighed down by banks. Madrid the worst, followed by Milan. The spread is stable, yields on government bonds are falling sharply. The euro drops
While waiting for the Fed and US inflation data, European stock markets are trying to put the results of the EU vote behind them. Banks are pushing Milan up, the spread is cooling, yields are falling
European stock markets are all in the red, with Paris losing over 2% after the calling of early elections. Losses around 1% also in Frankfurt, Milan and Madrid. The spread rises to 140 basis points, the euro weakens. It's…
European stock markets heavy, while yields on government bonds rise globally on fears that the failure to reduce inflation will push central banks to leave rates high. Milan lost 0,88%, weighed down by MPS's fall
The fourth placement closed with over 11 billion raised and almost 390 thousand contracts. Thanks to the title for small savers, the Treasury raised 65 billion in less than a year. Final annual rates confirmed
The contracts signed were 121.546, for an average value of 30.447 euros. The average of requests for the previous three BTP Valore placements on the first day was 5,55 billion euros
According to the final data of the API, compared to 2022 the growth was 11,2%, the overall net collection reached 37 billion
With the announcement of the minimum guaranteed rate, everything is ready for the new issue of the BTP Valore 2024. Here is the news and characteristics of the third issue. Will it boom again?
60% of Wall Street operators are convinced that the turning point on rates is near and this belief has caused gold to jump to 2.017 dollars an ounce - Oil falling and gas plummeting
The general director of Bankitalia, Luigi Signorini urges banks to "consider the problem of offering savers competitive products"
With an unexpected push in the middle of the morning, the European lists reacted to the streak of declines that has lasted for six sessions. The rebound, which coincided among other things with the release of new negative data from Germany (production…
The Mef has announced a second issue of the Btp Valore, scheduled for 2 to 6 October. The duration is lengthened and the coupon payment mechanism changes. All information
The Treasury has released the latest information needed in view of the June 5-9 issue - Here's everything you need to know about the bond dedicated to small savers
Everything is ready for the first issue of the Btp Valore, the new government bond intended for retail investors with which the Mef aims to expand the participation of households in the Italian public debt. Everything you need to know
The duration of the first BTP Valore is four years. First Issue from 5 to 9 June. There is a loyalty bonus and periodic coupons at pre-set increasing rates.
The nineteenth issue of the BTP Italia, the government bond indexed to inflation, will take place from 6 to 9 March. Here's everything you need to know
INTERVIEW with Invesco strategist LUCA SIMONCELLI who explains the current situation of the markets and gives some indications for the composition of the portfolios
BoE expands temporary emergency plan to include index-linked gilts, but UK confidence storm continues: "Significant risk to UK financial stability"
Boe's intervention on UK government bonds eases tension on stock exchanges and bonds, but damage to Nord Stream drives gas prices soar - Wall Street rises despite Apple's crash
After the announcement of the maxi tax cuts for the wealthiest, the pound fell to an all-time low, while yields on government bonds rose to all-time highs. The Bank of England forced to intervene. Here's what's…
Thanks to this tool, it is possible to interactively view all the information on each government bond issued by Italy until 31 July 2022
According to the CPI Observatory, the 12,5% rate could rise to 26% "without significant effects on the government bond market", thus removing an unjustified disparity
According to the CPI Observatory, at the end of 2022 the ECB will have 29% of Italian public debt, up from 17% in 2019 - In addition, reinvestments and the new anti-spread shield are now underway
The placement reserved for institutional investors raised 2,179 billion euros, which add up to the 7,24 billion sold to retail customers
In May 2020, the first day of placement closed with funding exceeding 4 billion euro - Today and tomorrow still dedicated to the retail market
However, it is a provisional indication: Thursday morning the MEF will announce the definitive interest rate of the BTP Italia, which may be equal to or higher than that already communicated
The issuance of the new Btp Italia with an 8-year maturity will start from Monday 20 June - Here's everything you need to know to prepare for the placement
According to the Observatory on Public Accounts (Cpi), the investment in Btp Italia guarantees positive returns unlike that in non-indexed Btp, but inflation still erodes the coupons
Fear of recession drives up yields on government bonds in Italy (+2,25%), Germany and the USA but unfortunately for us the spread is widening - Almost all stock markets down
The fourth issue raised over two billion less than the previous one - The Treasury raises the rate from the fifth to the eighth year of life of the bond
Treasury bills placed for €7,25 billion, the entire amount offered - Yields rising on both 5-year and 10-year maturities
The result is slightly lower than those of the first two placements, but the new securities have a longer maturity and a double loyalty bonus is envisaged
The ministry of the economy has placed bonds for 7,75 billion (the maximum expected), on three maturities: 3, 10 and 15 years - Here are the data on demand and yields
The placement will last until April 23, but early closing is possible from the 21st - There are some changes compared to the first two issues
Why are T-Bond yields rising? And why, despite a government in fibrillation, does the BTP spread decrease? Will low real rates comfort the recovery? Will the dollar go down again? Are the bags fragile or solid?
Why is the number of countries with rates below zero increasing? Will BTP yields go down again? Will the 2021 recovery bring higher rates? Why is the euro so strong (even against the yuan)? Do Stock Exchanges Anticipate Too Much Good News? Gold will come back…
ECB purchases push Italy's 0,6-year yield below XNUMX% for the first time - Spain and Portugal almost to zero - Negative rates in the rest of Europe
A new placement of Btp Futura begins on Monday 9 November, the proceeds of which will be used to finance expenses due to the pandemic - Here's what you need to know before investing
According to the Financial Times, CDP and Euronext have already presented a joint offer for Mts and will forward the one for Borsa Italiana this week - Deutsche Boerse and Six are also in the tender
The existence of the euro is unthinkable without acknowledging the ECB's lender of last resort competence, but the evolution of the times pushes us to rethink the monetary system itself and above all to answer the central question on the conception of Europe: simple technical coordination…
In extremis, Buenos Aires reached an agreement with creditors to restructure about 66 billion dollars of external debt - The second default in less than 20 years is averted, but the country's GDP still sinks
Ubi Banca launches market making activity on Italian government bonds - A strategic move to strengthen the Bank's competitiveness on national and international markets
Intended for the retail public only, the new 10-year issue includes fixed rates that increase over time, six-monthly coupons and a loyalty bonus - The goal is to finance post-Covid reconstruction measures
The Treasury raised 14 billion with the new issue maturing in December 2030 - The yield is still much higher than that paid by Spain and Portugal
All equity markets betting on recovery are up: Piazza Affari gains 1,5% and Bper exceeds 10% - But the ECB is sounding the alarm on government bonds and banks in Italy, Spain and Portugal.
Small savers have invested almost 14 billion in the new Btp Italia 2025, while institutional investors have bought more than 8 - For the first time, the placement had a declared objective: to fight the consequences of the coronavirus
The Treasury has not set any limit on the amount of the 2020 issue which kicks off on Monday 18 May: on the contrary, to attract savers it has doubled the loyalty bonus - To find your way around the rates, here are the yields of each quotation of…
The new issue of Btp Italia will last three days for the retail public, but this time without the possibility of early closure of the auctions - The proceeds will be used to deal with the coronavirus emergency
The spread with the Bund falls to its lowest since August, while the ten-year yield falls by 14% - Poste, Italgas, Banco Bpm and Intesa top the Ftse Mib
According to Bank of Italy, in the first 9 months of the year the share of public debt held by companies exceeded that held by credit institutions - Meanwhile, government bonds are at the center of European negotiations on the banking union
Wall Street is closed for Thanksgiving but Trump's signing favoring Hong Kong weighs - Yields on Btp auctions rise - Debioli banks and asset management
While awaiting the go-ahead for the Conte bis Government, the spread drops further and the yields of Bots and BTPs become even lower - UK in the storm over the clash between Johnson and the anti-No deal alliance…
The pension funds invest mainly in government bonds which are weighed down by the wavering and loss of confidence of the Lega-Five Star government.
Despite the drop in December, the spread for Italy has once again become a nightmare - Uncertainty about economic policy caused the spread to rise up to a maximum of 326 points, while yields reached 3,677% -…
The vagueness of the Government's maneuver has made the public budget increasingly a Sphinx indifferent to the spread and the public debt: thus there is the risk of reaching a situation of no return in which the banks, in the event of a crisis…
The spread with the German bund breaks through 330 basis points, even reaching 335 - The gap with Spain and Portugal also widens, while that with Greece decreases - Orders on the Italian BTP weak even in…
One hour after the close of the first day of issue, orders collected for 440 million - Six months ago the first day closed with 2,3 billion subscriptions
According to Bank of Italy data, however, in September the flight from BTPs slowed down its run: the flow of sales by foreign investors fell to 1,5 billion euros
The new inflation-indexed government bonds will be issued from Monday until 22 November - The maturity is back to 4 years - Here are the characteristics of the bond and everything you need to know about the placement
The American agency S&P, unlike Moody'sm, confirms Italy's BBB rating but cuts its outling, which becomes negative and which could herald a subsequent downgrade that would have very serious effects on the markets - How the attack risks having it without precedent…
The volatility that has hit the Italian market has caused yields on government bonds to soar and, consequently, also the spread - Italy is ever closer to Greece and ever further away from the more solid countries…
Since the Lega-M5s government took office, the Stock Exchange has lost 13% of its value, the bond market has lost over 17 billion, that of government bonds 35,6 - Mirror of uncertainty and low confidence in the Italy is the…
According to Bankitalia, in August foreign investors, between purchases and sales, produced a negative balance in the Italian bond market equal to 17,9 billion, of which 17,4 were government bonds - "The effectiveness of policies also depends on the trust…
At the Treasury auction, yields on 3 and 7-year BTPs soar to 5-year highs - The big speculators smell the deal and increase their exposure to Italy. JP Morgan: "Political uncertainty must be adequately remunerated"
Savers who have chosen open-end mutual funds in the last 15 years have earned 6,4% - Assets at the end of 2017 had risen to a total of 335 billion - Italy sixteenth in the world.
Inspired by the PIRs and yearning for their success, the Lega-M5s government would like to launch Individual Savings Accounts to channel savers' money into government bonds - But if Italy's risk continues to rise, bankruptcy is…
The Director General of the Bank of Italy, Salvatore Rossi, speaking at a conference in Modena on the Banking Union invites the European Supervisory Authority to adopt more constructive attitudes, especially in the treatment of non-performing loans and banking crises - Unresolved issue between banks…
If the Basel rules do not take into account the biodiversity of the banking system and do not enhance the value of small and medium-sized local banks as well, it will be difficult to achieve the objectives of stability and sustainability - Government bonds in banks, bail-ins,…
The Fed raises US rates to 2% and announces two more hikes within the year, while today the ECB Board must decide on when to initiate the end of Qe - Government bond yields rise - Stm,…
From the government contract to the financial markets, from the spread to the euro and more: the keywords of politics and finance in the hilarious interpretation of the protagonists of the government crisis and of an electoral campaign that never ended
From "THE RED AND THE BLACK" by ALESSANDRO FUGNOLI - The markets do not have a single soul but both the US and Europe are careful not to question the euro - There are no particular risks regarding our government bonds...
The Ftse Mib drops more than 3%, while the spread soars to 320 basis points - Yields skyrocket: 3,2% for the 2-year bond, 2% for the XNUMX-year bond - The yield of the bot at…
The spread reaches its highest level since February 2014, while the yield on the 2,48-year bond reaches 16% - The surge began on May XNUMX and since then the rise has been record-breaking - The spread has widened even…
When the Minister of Economy is chosen, the new government, which seems to be oriented towards an economic policy based on deficit spending, cannot help but wonder up to what point in the growth of the Italian debt savers will give confidence…
In the middle of the day the European stock exchanges are stable. Piazza Affari tries to rebound favored by the easing of tension on government bonds: the Btp-Bund differential is back in the 170-point area: a breath of fresh air for Ubi, Bper, Unicredit and Banco Bpm. Still on the rise…
At the moment we are not yet beyond the "safe level", but ignoring the trend of the spread could be a big mistake - The soaring spread does not only concern banks or the State, but has tangible repercussions on businesses and households…
The placement of the new Btp Italia began on Monday morning - At 12 noon on the first day, the order collection had already reached 1,13 billion euros - Here is all the information you need to know about the thirteenth issue of inflation-indexed securities.
Today the first effects of the Italian vote on the stock market and on government bonds - The ECB acts as a barrier - Volatility on the rise - But the markets must also deal with the Trump effect on tariffs - A…
Thanks to the drop in costs and adjustments but also to the increase in revenues (especially from commissions) the four most profitable Italian banks - Unicredit, Intesa Sanpaolo, Banco Bpm and Ubi - generated in 2017 a total profit exceeding…
UBS Wealth Management - The world economy is at the center of an unstoppable technological revolution but one of its paradoxes is that productivity does not grow - How to deal with the markets in the first part of the year? In view of the ups…
The yield falls in the area of 16 basis points above the yield of the BTP expiring in September 2036.
The portfolio held by Italian banks drops to its lowest level since September 2012. The reduction in the portfolio of national government bonds held by Italian banks is mainly explained by the sales of securities to the Eurosystem as part of the Qe decided by the ECB.
After the three days of placement dedicated to retail, this morning, from 9 to 11, it was the turn of the institutional ones. Requests far beyond the offer arrived in just two hours - Closing at 7,1 billion euros, three times more than…
FROM UBS CIO Weekly - According to 46% of professional investors, today equities are overvalued because earnings multiples (17) are not far from the highs of the last 10 years but today there is greater value in equities than in bonds…
On Tuesday 24 July, the Ministry of Finance will launch the first government bond issue since 2014 on the primary market.
Placed in full the amount offered of 6,75 billion - The yield fell to -0,372%, down by one basis point compared to the previous placement
After Moody's rating upgrade
The first phase of the issue of the new Btp Italia ends with funding of 3,19 billion euros - From tomorrow it's the turn of institutional investors - The guidelines of the MEF and the Isin code
The issue, which opened on the market at 9 am, raised almost 16.30 billion at 1,5 pm for around 30 contracts ordered. On the first day, the tenth issue had collected around 1,2 billion in the whole day, therefore, this issue is going on average…
The next issue of Italy's inflation-indexed government bond will take place from Monday 15 May until Thursday 18 May - Here's everything you need to know.
Italian banks have significantly reduced their exposure to national government bonds, reducing the share of public bonds present in the various portfolios by as much as 36 billion euro over the last year. Speaking in figures, the consistency…
The interest rate on three-year maturities has approached zero - Good demand also on 7- and 20-year maturities
Increasingly negative yields - All seven billion euro offered have been placed, against investor demand of over 11 billion
