This morning, the Italian Treasury placed government bonds for 4,068 billion euros, between indexed Ctz and Btp. The total supply was between 2,5 and 4,25 billion.
In detail, the third tranche of ctz 31 billion was assigned on 2014 December 2,818, out of an offer of 2-3 billion, at a yield of 1,682%, up from 1,434% in the same auction at the end of January and the highest since last December. Good question: bid-to-cover was 1,65, up from the previous 1,45.
Il btpei as of 15 September 2021 it was assigned for 941 million and the btpei as at 15 September 2026 for 309 million (1,25 billion in all, in an overall range of offers between 500 million and 1,25 billion). The yields of the two bonds were 2,79% and 3,23%, while the bid-to-cover reached 1,76 and 3,31.
At the end of the morning, the Milan Stock Exchange was up 1,81%, while the Btp-Bund spread was 284 points.
