MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

On Tuesday, Italy sells.......>

ITALY AUCTION PREVIEW
ITALY AUCTION PREVIEW: On Tuesday, Italy sells E2.0-2.5bln of BTP 0.2% Oct-20,
E2.5-3.0bln of BTP 1.45% Nov-24 and E1.75-E2.25bln of 3.45% Mat-48.
- BACKGROUND: Italy is coming to the market at a time of increasing volatility
in the credit markets and slow gradual rise in domestic political risks ahead of
elections in March.
- RV/HISTORY: The 2020 area of Italy has come under pressure in the last week
and the yield on the BTP 0.2% Oct-20 has risen back up to 5.5bps today. The pull
back in the BTP 2.05% Nov-24 has been a little bit bigger, and currently trades
at 1.427% up from last weeks low of 1.32% and looks cheap vs Spain with pick-up
above 60bps. As for the 30-yr BTP yield spread vs Spain also looks cheap having
cheapened by 35bps and close to 6-month wides. The 0.2% Oct-20 and 2.05% Nov-24
where both tapped on Jan 11 for E3bln each at avg yield 0.04% and cover of
1.54x, and at avg yield 1.35% and cover of 1.4x respectively. The last 30-yr BTP
auction was back in October 2017.
- TIMING: Auction cut-off is 1000GMT, results are around 1015GMT.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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.