(Finance) – The Ministry of Economy and Finance (MEF) has placed 8.75 billion euros of government bonds in the auctions for the placement of government bonds held on 27 September 2024.
In particular, 2.5 billion euros were placed BTP 3.00% 5 years 01-10-2029whereby demand reached 4.70 billion, which corresponds to a coverage ratio of 1.88. According to the report provided by the Bank of Italy, the gross yield settled at 2.76%, or 31 basis points lower than that of the previous similar auction, which dates back to 29 August 2024.
Furthermore, 3.5 billion euros were placed BTP 3.85% 10 years 01-02-2035whereby demand reached 5.68 billion, which corresponds to a coverage ratio of 1.62. The gross yield settled at 3.43%, or 26 basis points lower than that of the previous similar auction, which dates back to August 29, 2024.
1 billion euros were also placed BTP 3.00% 10 years 01-08-2029whereby demand reached 2.38 billion, which corresponds to a coverage ratio of 2.38. The gross yield settled at 2.68%.
Finally, 1.75 billion euros were placed CCTeu TV 8 years 15-10-2030whereby demand reached 3.40 billion, which corresponds to a coverage ratio of 1.94. The gross yield settled at 4.68%.