Free Trial
RATINGS

Stable Ratings Up For Review On Friday

STIR FUTURES

Service PMI Slide Helps Fed Terminal Rate Tumble

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

New 5y BTP, 10y BTP & 7y CCTeu

ITALY AUCTION PREVIEW
MNI (London)
  • On offer today:
    • E3.5-4.0bln of the new 2.65% Dec-27 BTP (ISIN: TBA)
    • E1.5-2.0bln of the 2.50% Dec-32 BTP (ISIN: IT0005494239)
    • E0.75-1.0bln of the 0.65% Apr-29 CCTeu (ISIN: IT0005451361)
  • Market colour: 10-year BTP yields have risen over 110bp since the beginning of June to the high of 4.280% on June 14. Yields have since fallen back over 80bp over the last two weeks to stand at 3.460% at the time of writing. The most recent 5-year BTP saw yields follow a similar trajectory, increasing around 135bp from the beginning of the month to the June 14 high and since decreasing around 100bp.
  • 10-year BTP spreads to the Bund widened just shy of 50bp from the beginning of the month to the June 14 high, and have since narrowed by 50bp again to stand back around 202bp.
  • Timing: Results will be available shortly after the auction closes at 1000 BST / 1100 CEST.
146 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:
    • E3.5-4.0bln of the new 2.65% Dec-27 BTP (ISIN: TBA)
    • E1.5-2.0bln of the 2.50% Dec-32 BTP (ISIN: IT0005494239)
    • E0.75-1.0bln of the 0.65% Apr-29 CCTeu (ISIN: IT0005451361)
  • Market colour: 10-year BTP yields have risen over 110bp since the beginning of June to the high of 4.280% on June 14. Yields have since fallen back over 80bp over the last two weeks to stand at 3.460% at the time of writing. The most recent 5-year BTP saw yields follow a similar trajectory, increasing around 135bp from the beginning of the month to the June 14 high and since decreasing around 100bp.
  • 10-year BTP spreads to the Bund widened just shy of 50bp from the beginning of the month to the June 14 high, and have since narrowed by 50bp again to stand back around 202bp.
  • Timing: Results will be available shortly after the auction closes at 1000 BST / 1100 CEST.