Free Trial

5/10-year BTP, 5-year CCTeu

ITALY AUCTION PREVIEW

Italy will come to the market this morning to sell up to E6.25bln of 5/10-year BTP and the 5-year CCTeu.

  • Specifically on offer will be E1.5-2.0bln of the 0% Aug-26 BTP, E2.0-2.5bln of the 0.95% Dec-31 BTP and E1.25-1.75bln of the 0.50% Apr-26 CCTeu.
  • These are all on-the-run benchmarks that have been launched within the past 12 months.
  • We would expect a decent auction today but note that with the volatility seen in fixed income markets at present it is unclear what kind of takeup we are likely to see in the noncompetitive second round.
  • Timing: Results will be available shortly after the auction closes at 10:00BST/11:00CET.
The below tables show the auction history for the bonds on offer today.

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.