Free Trial

Fails To Hold On To This Week’s Highs


Gains Considered Corrective


Crude Oil Ending Mixed Week Flat


Bullish Outlook


2Y Yield Hits Fresh Post-2007 Highs After Fedspeak

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

The Italian............>

ITALY T-BILL AUCTION PREVIEW: The Italian Dipartimento Del Tesoro sells E6.0bln
of the new 12-month Sep 13, 2019 BOT on Wednesday.
- RV/HISTORY: For comparison, the last auction of a 12-month BOT was the Aug 14,
2019 which was sold at an average yield of 0.679% and a bid-to-cover ratio of
1.79x. The Aug 14, 2019 currently trades at a yield of 0.316%, down from a
post-issuance high of 0.866% on September 3, and 55.5bps outside the comparable
EUR swap. Although uncertainty around the government's budget plans continues to
linger, comments from Finance Minister Giovanni Tria indicating that debt
reduction is key to calming markets has injected some optimism ahead of this
week's auction.
- REDEMPTIONS: There are no Italy-specific redemptions to support the auction
this week.
- TIMING: Results are due shortly after bidding finishes at 0905GMT

To read the full story

Why Subscribe to

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.