Rates rise at Italian bond auctions

10-year BTP climbs to 4.55%, 5-year up to 3.47%

Rates rise at Italian bond auctions

Rome, June 27 - Interest rates rose on Italian bonds at two Treasury auctions on Thursday. The Treasury sold 2.5 billion euros' worth of 10-year BTP bonds at an average interest rate of 4.55%, up from 4.14% at the last auction in May. It also sold all 2.5 billion euros' worth of the five-year BTPs that it put on the market, at an average rate of 3.47%, compared to 3.01% at the May sale. Although the rates were up, the spread between the 10-year Italian bond and the German benchmark fell after the auctions, dropping to 283 points, after opening the day at 287 points, with a yield on the secondary market of 4.56%. The spread is an important measure of Italy's borrowing costs and investor confidence in the country.

Lascia il tuo commento

Condividi le tue opinioni su Gazzetta del Sud online

Caratteri rimanenti: 400

Le altre notizie

i più letti di oggi