Treasury places Ctz for 3,5 billion, rates in sharp decline

27 November 2012, 11:01 | di FIRSTonline editorial team | 0

The yield fell to 1,923% from 2,397% in the last auction in September – Demand exceeded supply by 1,50 times supply – Inflation-indexed BTPs were also assigned for one billion euro.

Treasury places Ctz for 3,5 billion, rates in sharp decline

The Italian Treasury placed today 3,5 billion euros of Ctz expiring on 30 September 2014, with steeply declining rates. The yield dropped to 1,923% from 2,397% at the last September auction. There demand exceeded the offer by 1,50 times the amount in the auction. Sold the full expected amount.

Were awarded this morning too Btp indexed to inflation maturing on 15 September 2019 and 15 September 2026 for a total of one billion euros, the maximum pre-established amount. On BTPs maturing in 2019, the yield was 2,53% and on those maturing in 2026 it was 3,49%.

FIRSTonline editorial team

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