(Finance) – The Ministry of Economy and Finance (MEF) has placed 9.75 billion euros of government bonds (BTP and CCTeu) in the auctions for the placement of government bonds held on 28 February 2024, with mixed returns.
In particular, 3.75 billion euros were placed BTP 3.35% 5 years 01-07-2029, whereby demand reached 5.27 billion, which corresponds to a coverage ratio of 1.40. According to the report provided by the Bank of Italy, the gross yield settled at 3.41%, or 28 basis points higher than that of the previous similar auction, which dates back to 30 January 2024.
Furthermore, 4.5 billion euros were placed BTP 3.85% 10 years 01-07-2034, whereby demand reached 6.11 billion, which corresponds to a coverage ratio of 1.36. The gross yield settled at 3.91%.
There were also 1.5 billion euros of CCTeu TV 8 years 15-10-2031, whereby demand reached 2.60 billion, which corresponds to a coverage ratio of 1.74. The gross yield settled at 5.20%, or 3 basis points lower than that of the previous similar auction, which dates back to January 30, 2024.