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Treasury, Ctz auction: good demand, but rates rise to 3,355%

Placed the full amount envisaged, equal to 2,5 billion euro – Requests for 4,4 billion – But the rise in yields is 1,0035 – Stock markets are flying, the spread is narrowing.

Treasury, Ctz auction: good demand, but rates rise to 3,355%

The Treasury has placed ctz expiring on 31 January 2014 for the maximum envisaged amount of 2,5 billion euros. average yield rose to 3,355%, an increase of 1,003% compared to the previous placement, carried out in March. Very good question, which reached 4,4 billion.

After the results of the Italian and Spanish auctions, the European stock exchanges accelerated their rebounds, while tensions on the government bonds of the peripheral countries of the euro area eased slightly. 

Late in the morning in Milan, the Ftse-Mib strengthened its gains to +1,99%, a partial rebound in any case compared to the 3,80% plunge suffered yesterday. Madrid scores a plus 1,53%, Paris plus 1,05%, Frankfurt plus 0,97%, London plus 0,94%.

Meanwhile, the yields on 10-year BTPs already in circulation mark a filing at 5,70%, after a morning peak of 5,78%. The Btp-Bund spread remains just beyond the alarmist threshold of 400 points, while the Spain-Germany differential stands at 425 basis points. The euro marks a moderate rise to 1,3168 dollars.

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