CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

3/7/15-year BTPs

ITALY AUCTION PREVIEW

Italy will come to the market this morning to sell up to E9bln of 3/7/15-year BTPs. This will include the launch of the new 3-year BTP.

  • 0% Aug-24 BTP: E4.0-4.5bln of the new 0% Aug-24 will be on offer this morning. This will replace the 0% Apr-24 BTP as the 3-year benchmark. There had been monthly auctions of the 0% Apr-24 between March to June, all of which saw bid-to-covers between 1.35-1.41x. The launch auction for the 0% Apr-24 BTP was a little larger at E5.0bln while reopenings have been between E3-4bln.
  • 0.50% Jul-28 BTP: This will be the third auction of the benchmark 7-year BTP. The 0.50% Jul-28 was launched in May for E4.5bln and reopening in June for E2.5bln while E2.25-2.75bln will be on offer today.
  • 0.95% Mar-37 BTP: E12.4bln of the 15-year BTP is currently outstanding and a further E1.25-1.75bln will be on offer today. The BTP was launched via syndication in January with E10bln sold with a book size of over E105bln. It was then reopened in April for E2bln (a further E0.4bln sold non-competitively) with a bid-to-offer of 1.47x.
  • Timing: Results will be available shortly after the auction closes at 10:00BST.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.