Today's Treasury auction closed with positive results: all 2,5 billion Ctz sold, with growing demand and falling interest rates. Indeed, the yield went from 1,871% at last month's auction to 1,623%, while the coverage ratio rose to 1,77 from 1,46.
The same coverage ratio, 1,77, also for the 2,1% BTpi auction (indexed to European inflation): the yield fell to 2,62%.
The Treasury calendar for the next few days also includes the 6-month BoT auction expected for tomorrow, with a funding target set at 8,5 billion, and the 5- and 10-year BTP auction to be held on Friday: in this case the Treasury is aiming for an amount between 5 and 6 billion.
