The Ministry of Economy and Finance (MEF) has placed 8.25 billion euros of government bonds in the auctions for the placement of government bonds held on 11 April 2024, with mixed returns.
In particular, 3 billion euros were placed BTP 2.95% 3 years 15-02-2027, whereby demand reached 4.36 billion, which corresponds to a coverage ratio of 1.45. According to the report provided by the Bank of Italy, the gross yield settled at 3.32%which is 26 basis points higher than that of the previous similar auction, which dates back to March 13, 2024.
Furthermore, 3.5 billion euros were placed BTP 3.50% 7 years 15-02-2031, whereby demand reached 4.71 billion, which corresponds to a coverage ratio of 1.35. The gross yield settled at 3.53%which is 22 basis points higher than that of the previous similar auction, which dates back to March 13, 2024.
Finally, 1.75 billion euros were placed BTP 4.15% 15 years 01-10-2039, whereby demand reached 2.49 billion, which corresponds to a coverage ratio of 1.42. The gross yield settled at 4.16%.
