Free Trial

Today, Italy sells............>

ITALY AUCTION PREVIEW
ITALY AUCTION PREVIEW: Today, Italy sells E2.5-3.0bln of a new CTZ 0% Mar-20
alongside E2.0.2.5bln of BTPei 0.1% May-23. 
- BACKGROUND. Only Italy issues debt in this school holiday impacted week. There
is an E11.3bln CTZ redemption this week (settle date combines with the CTZ
auction on Wednesday) and E10.3bln from Belgium.
- RV. Breakevens were firm on Friday but the BTPei May-23 was struggling to keep
up, denoting that there was at least some concession building going on. 
- RESULTS. Auction cut-off is at 0900GMT/1000BST and 1000CET

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.