Private banking: in 2023 assets managed in Italy will reach 1.100 billion, boom in government bonds
According to the final data of the API, compared to 2022 the growth was 11,2%, the overall net collection reached 37 billion
Btp Valore 2024: here is the minimum guaranteed rate. The news and characteristics of the third issue starting on February 26th
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?
Stock market November 28: gold takes off, government bond yields drop and utilities rise again on Piazza Affari
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
Skyrocketing rates but not on bank accounts Bankitalia warns the banks: "Risk of flight towards more profitable investments"
The general director of Bankitalia, Luigi Signorini urges banks to "consider the problem of offering savers competitive products"
Borsa 7 September afternoon: European markets in swing. Challenge to the last bond: the Btp Valore responds to the boom in Belgium
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 Btp Valore returns on 2 October: second issue with important news on maturity and coupons. Here's everything you need to know
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
Btp value, here are the minimum coupons and Isin code: all the information on the issue starting on June 5th
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
Btp Valore: how does it work and how can you buy it? Prizes, coupons, tax dates. Here is the complete guide in 6 points
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
Btp Valore arrives, the new government bond dedicated to small savers. Here's how it works
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.
Btp Italia, we start on March 6: coupon, dates, expiry, loyalty bonus. All the details of the issue
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
Corporate bonds "essential for a balanced portfolio": speaks Simoncelli (Invesco)
INTERVIEW with Invesco strategist LUCA SIMONCELLI who explains the current situation of the markets and gives some indications for the composition of the portfolios
UK BoE further expands emergency program and warns: 'Financial stability at risk'
BoE expands temporary emergency plan to include index-linked gilts, but UK confidence storm continues: "Significant risk to UK financial stability"
EUROPEAN EXCHANGES CLOSURE – The BoE supports the stock exchanges, Wall Street rises: gas returns above 200 dollars
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
Pound plunges, yields skyrocket: Truss sinks confidence in UK economy, BoE intervenes
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…
Government Securities: the PBO updates the database which allows for the monitoring of the evolution of the debt
Thanks to this tool, it is possible to interactively view all the information on each government bond issued by Italy until 31 July 2022
Government bonds: this is why taxes on yields should be equated to those on corporate bonds
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
Italian public debt: share in the hands of the ECB almost doubled, could increase further
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
Btp Italy 2022: total deposits at 9,4 billion, definitive annual rate at 1,6%
The placement reserved for institutional investors raised 2,179 billion euros, which add up to the 7,24 billion sold to retail customers
Btp Italia 2022: 3,4 billion raised on the first day, a good result but lower than that of 2020
In May 2020, the first day of placement closed with funding exceeding 4 billion euro - Today and tomorrow still dedicated to the retail market
Btp Italia, new issue at the start: guaranteed minimum rate of 1,6% to be added to the recovery of inflation
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
Btp Italia: expiry, loyalty bonus, characteristics, dates. All the details on the new issue
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
Btp Italia protect investments from inflation, but beware: coverage is never complete
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
Government bonds, yields run everywhere but the Btp-Bund spread rises above 160. Stock markets down
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
Btp Futura, lukewarm reception: raised 3,27 billion
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
Btp auction: the Treasury fills up, but rates rise
Treasury bills placed for €7,25 billion, the entire amount offered - Yields rising on both 5-year and 10-year maturities
Btp Futura: the third issue collects 5,48 billion
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
Btp auction: the Treasury fills up, rates on the rise on 3 years
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
Btp Futura from 19 April with double loyalty bonus
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
Stock exchanges look to the after vaccine. Political shame also weighs on the dollar
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?
Low long-term rates push stock markets. Dollar down, euro and yuan up
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…
Record BTPs, but not only: the ranking of European government bonds
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
Btp Futura, new issue: 13 questions and answers
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
Borsa Italiana and Mts for sale: government pushes for Cdp-Euronext
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 clash between the German Court and the European Court and the real stake
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…
Argentina, bankruptcy avoided: there is an agreement with creditors
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 activities on Italian government bonds
Ubi Banca launches market making activity on Italian government bonds - A strategic move to strengthen the Bank's competitiveness on national and international markets
Btp Futura 2020, upcoming issue: guide in 5 points
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
New 10-year BTP: record orders over 100 billion
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
Wall Street pushes the Stock Exchanges but ECB alarm for Italy and Spain
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.
Btp Italia breaks all records: the State collects 22,3 billion
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
Btp Italia quotation: 3 news for the 2020 issue
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…
Btp Italia May 2020: guide to the new issue
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
Elections effect: spread at 141, Btp rally
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
Btp: insurance companies surpass banks
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
Stock market in tension, the spread rises. Atlantia suffers
Wall Street is closed for Thanksgiving but Trump's signing favoring Hong Kong weighs - Yields on Btp auctions rise - Debioli banks and asset management
Confidence in Italy with spread below 180, but Brexit overwhelms the pound
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 pay for the Government's slips and lose the challenge with the severance pay
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.
The spread in 2018: a difficult year that cost us (very) dearly
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% -…
Banks and gold to the homeland: hidden risks in the public budget
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…
Government bonds: the spread rises and the Btp Italia does not break through
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…
Btp Italia, the first day is a flop: orders with a dropper
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
Btp, 26 billion bonds sold from abroad in 2018
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
Btp Italia from November 19: is it worth it or not? Here is the guide
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
S&P confirms Italy's BBB rating but cuts its outlook
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…
Spreads and yields: the EU ranking that hurts Italy
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…
Stock Exchange and Spread: 300 billion gone up in smoke since the elections
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…
Escape from Bot and Btp: between May and August -66 billion
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…
Btp: record rates, skyrocketing speculation
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"
Mediobanca: mutual funds yield more than government bonds
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.
Savings, the Cir and their weak side: the Pir prove it
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…
Bankitalia raises its voice on NPLs, bonds and banking crises
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…
Banks, how many Basel will be needed for sustainable stability?
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 rates, what will the ECB do today on Qe?
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,…
Politics and finance, semi-serious notes on the government crisis
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
Stock exchange, banks and government bonds: what to do with the new government
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...
Stock exchange, Btp, banks: it's a perfect storm
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…
Spread at 212 points: all stages of the escalation
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…
Government and public debt, how far away is the "Minsky moment"?
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…
Falling spreads, banks are breathing. China pushes the car
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…
Spread: what are the risks and what happens when it goes up?
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…
Btp Italia: is it worth buying? Here's what you need to know
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.
The electoral earthquake at the test of the markets: euro weaker but not too much
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…
Italian banks: boom in profits, but a danger ahead
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…
Savings and markets: paradoxes of the economy and investment strategy for 2018
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…
20-year Btp: orders for 31 billion
The yield falls in the area of 16 basis points above the yield of the BTP expiring in September 2036.
Government Bonds: Italian banks' portfolio at its lowest
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.
Btp Italia: maxi success for the 12th issue, all the details
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…
Stock market, the bubble is not around the corner
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…
Greece: Athens launches its first bond after 3 years
On Tuesday 24 July, the Ministry of Finance will launch the first government bond issue since 2014 on the primary market.
Auction Bot: the Treasury fills up, rates at an all-time low
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
Greece, government bond yields at low levels
After Moody's rating upgrade
Btp Italia: first phase ok, Mef instructions for the second
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
Btp Italia: debut with all the trimmings
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…
Btp Italia: is it worth buying? All about the new government bond
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.
Banks, fewer government bonds in portfolio
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…
Btp auction: peak yields
The interest rate on three-year maturities has approached zero - Good demand also on 7- and 20-year maturities
Auction Bot: rates at historic lows
Increasingly negative yields - All seven billion euro offered have been placed, against investor demand of over 11 billion
Dollar at a 13-year high, Btp at a record
The American economy is galloping and preparing to raise interest rates: the dollar is at its highest level since 2013, Wall Street sets new records, prices fall and yields on T-bonds rise with immediate effects also on securities of…
Btp-Bund spread at highest since June
the differential between our BTPs and the German Bunds reached 150 basis points, the highest since last June - Investors committed to digesting the medium-long term placement which has seen a noticeable rise in yields.
BTp Italia: guaranteed minimum annual real rate of 0,35%. The instructions of the Mef
The announcement comes directly from the Treasury which reminds investors that the second and last issue of 2016 will take place on the Mot through BNP Paribas and Monte dei Paschi di Siena Capital Services Banca and will be reserved for retail customers in…
1-year BoT auction: interest rates at new historic low
Securities placed for 6,25 billion euro - The yield stands at -0,238% and updates the previous record recorded in August (-0,190%).
BTp Italia, the savings star is back: new issue on 17 October
Retail savers will be able to purchase the bonds from the 17th to the 19th - The Italian BTPs have an 8-year maturity with a six-monthly coupon - There is also a loyalty bonus for those who keep the bonds until maturity - The…
Bayer-Monsanto, Apple, Mps: three sparks for the market
The 66 billion merger between Bayer and Monsanto, the run of Apple which returns above 600 billion and the turnaround in Mps with the arrival of Morelli attract the spotlights of the market - Investors lighten their positions on stocks…
Goldman, referendum: risks for banks
Goldman Sachs assigns 40% probability of success of the No, lower number than that suggested by the polls, but still very high - The victory of the No would represent a setback in the path of reforms and would reduce the chances of…
Oil and government bonds down, stock markets weak
The unexpected growth of American inventories and the record production of Saudi Arabia bring down the price of oil - Yields on government bonds are at historic lows and not only in Italy - Few trades and almost flat performance in…
Btp auction: rates still at historic lows
The yield on 1,24-year BTPs fell to 5%, equaling the lowest level ever - The rates on XNUMX-year BTPs and the seven-year CcTeu were also at their lowest.
Auction Bot: rates at new historic low
The Treasury placed 6 billion six-monthly BoTs - Demand down on the April auction, but negative yields at the new all-time low (-0,262%).
Auction Btp 5 and 10 years, rates go up
The BTp maturing 01/06/2026 was issued with a gross yield of 1,51%, up 27 basis points on the previous auction - Good demand - The rate also rises slightly on 5-year BTps.
Ecofin on banks and sovereign bonds: German forcing fails
The attempt by German Finance Minister Schaeuble to induce the EU to introduce a ceiling on government bonds held by banks has failed. Germany found itself alone in the company of Holland, Finland and Sweden but…
Ecofin at the start: banks and government bonds warm up the meeting
Government bonds and European guarantees on deposits will be at the heart of the Ecofin meeting today and tomorrow in Amsterdam.- Germany asks for a ceiling on the ownership of public bonds for banks, Padoan replies: "Placing constraints is wrong" -…