© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
EURGBP TECHS

Bullish Outlook

US

Corporate Credit Update: Steady

GBPUSD TECHS

Corrective Cycle Still In Play

US TSY FUTURES

BLOCK, 2Y Sale

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

3/7/30-year BTPs

ITALY AUCTION PREVIEW
MNI (London)
markets-real-timeBulletMarketsFixed Income
  • On offer today:
    • E1.5-2.0bln of the 1.20% Aug-25 BTP (ISIN: IT0005493298)
    • E3.25-3.75bln of the new 2.80% Jun-29 BTP (ISIN: IT0005495731)
    • E0.75-1.00bln of the 3.45% Mar-48 BTP (ISIN: IT0005273013)
  • Market colour: 3-year BTP yields had been rising since the April 11 launch, reaching a high of 2.043% on Monday. They have since fallen close to 50bp to 1.550% at time of writing.
  • Following a 30bp dip at the end of February at the onset of the Ukraine war, the originally 30-year 3.45% Mar-48 BTP has seen yields rising over the past months. A high of 3.434% was reached on Monday, and have fallen back approx. 30bp to 3.056% at time of writing.
  • 3-year BTP spreads to the 0% Oct-25 Bobl widened to 137bp on Monday, and have since narrowed around 20bp.
  • 3.45% Mar-48 BTP spreads to the 1.25% Aug-48 Bund have been relatively volatile over the past three months, trading between the March 30 low of 179bp to the May 9 high above 220bp. Spreads have since narrowed to around 207bp.
  • Timing: Results will be available shortly after the auction closes at 1000 BST / 1100 CEST.
181 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • On offer today:
    • E1.5-2.0bln of the 1.20% Aug-25 BTP (ISIN: IT0005493298)
    • E3.25-3.75bln of the new 2.80% Jun-29 BTP (ISIN: IT0005495731)
    • E0.75-1.00bln of the 3.45% Mar-48 BTP (ISIN: IT0005273013)
  • Market colour: 3-year BTP yields had been rising since the April 11 launch, reaching a high of 2.043% on Monday. They have since fallen close to 50bp to 1.550% at time of writing.
  • Following a 30bp dip at the end of February at the onset of the Ukraine war, the originally 30-year 3.45% Mar-48 BTP has seen yields rising over the past months. A high of 3.434% was reached on Monday, and have fallen back approx. 30bp to 3.056% at time of writing.
  • 3-year BTP spreads to the 0% Oct-25 Bobl widened to 137bp on Monday, and have since narrowed around 20bp.
  • 3.45% Mar-48 BTP spreads to the 1.25% Aug-48 Bund have been relatively volatile over the past three months, trading between the March 30 low of 179bp to the May 9 high above 220bp. Spreads have since narrowed to around 207bp.
  • Timing: Results will be available shortly after the auction closes at 1000 BST / 1100 CEST.