By Laura Contemori – ROME (Econostream) – The Italian Ministry of Economy and Finance (MEF) allotted a combined €10 billion of Treasury bills (BOTs) on Tuesday across two maturities, according to results published by the Bank of Italy.
MEF allotted €8.5 billion of a 12-month BOT maturing May 14, 2027 and €1.5 billion of a reopened 12-month BOT maturing July 14, 2026 with a residual maturity of 61 days.
Total demand reached €14.901 billion. The bid-to-cover ratios were 1.45 for the May 2027 BOT and 1.75 for the July 2026 BOT.
The May 14, 2027 BOT was allotted at a weighted average yield of 2.699%, up about 10bp from the previous auction, with a weighted average price of 97.336.
The July 14, 2026 BOT was allotted at a weighted average yield of 2.116%, with a weighted average price of 99.643.
Settlement for both lines was scheduled for May 14, 2026.
