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Italy sells E6.25bln BTP/CCTeu vs E5.25-6.25bln target

ITALY AUCTION RESULTS
  • E5.0bln of the new 0% Apr-26 BTP:
    • Average yield 0.11% (0.07%)
    • Bid-to-cover 1.33x (1.48x)
    • Price 99.44
    • Brackets compare to the Jan auction of 0.50% Feb-26 BTP when E3.5bln was issued.
  • E1.25bln of the 0% Dec-23 CCTeu
    • Average yield -0.19% (0.27%)
    • Bid-to-cover 1.79x (2.06x)
    • Price 100.61 (100.32)
    • Pre-auction mid-price 100.578
    • Previously sold E1.00bln

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