April 29, 2022 06:31 GMT
Auction History: 5/10y BTPs & Oct-30 CCTeu
ITALY AUCTION PREVIEW
MNI (London)
Auction history:
1.10% Apr-27 BTP (ISIN: IT0005484552)
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 1.890% | |||||
30-Mar-22 | E3bln | 1.460% | 1.38x | 98.28 | 98.26 | Auction |
25-Feb-22 | E4bln | 1.070% | 1.37x | 100.15 | New | Auction |
New 2.50% Dec-32 BTP (ISIN: IT0005494239)
Similar past auctions: the current benchmark 10y BTP is the 0.95% Jun-32 BTP (ISIN: IT0005466013), which was launched via conventional auction on October 28, 2021 for E3.75bln. Below are the results of the three most recent reopenings:
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 2.723% | |||||
Last 5 ave | E3.2bln | 1.274% | 1.37x | |||
30-Mar-22 | E3.5bln | 2.140% | 1.31x | 89.26 | 89.19 | Auction |
25-Feb-22 | E3bln | 1.810% | 1.37x | 92.02 | 91.96 | Auction |
28-Jan-22 | E3.5bln | 1.390% | 1.38x | 95.84 | 95.73 | Auction |
0.75% Oct-30 CCTeu (ISIN: IT0005491250)
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 0.561% | |||||
23-Mar-22 | E5bln | 0.780% | 99.74 | New | Synd |
Similar past auctions: the recently launched 0.75% Oct-30 CCTeu follows the 0.65% Apr-29 CCTeu (ISIN: IT0005451361), which was launched via syndication on June 24, 2021 for E6.0bln. Below are the results of the most recent reopenings:
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 0.390% | |||||
Last 4 ave | E1.563bln | 0.033% | 1.58x | |||
28-Jan-22 | E1.5bln | 0.080% | 1.63x | 100.36 | 100.32 | Auction |
09-Dec-21 | E2.255bln | 0.100% | 100.22 | Exchange | ||
30-Nov-21 | E1.5bln | 0.030% | 1.49x | 100.80 | 100.78 | Auction |
28-Oct-21 | E1.25bln | -0.010% | 1.73x | 101.01 | 100.96 | Auction |
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