By Laura Contemori – ROME (Econostream) – The Italian Ministry of Economy and Finance (MEF) allotted a combined €7.5 billion of multi-year Treasury bonds (BTPs) on Wednesday across three maturities, according to results published by the Bank of Italy.
MEF allotted €3.0 billion of a 2.4% BTP maturing March 15, 2029, €3.25 billion of a 3.3% BTP maturing June 15, 2033 and €1.25 billion of a 2.95% BTP maturing September 1, 2038.
Total demand reached €11.820 billion. The bid-to-cover ratios were 1.54 for both the March 2029 and June 2033 BTPs and 1.77 for the September 2038 BTP.
The March 2029 BTP was allotted at a gross yield of 2.98%, up about 7bp from the previous auction, with an allotment price of 98.50.
The June 2033 BTP was allotted at a gross yield of 3.55%, up around 4bp from the previous auction, with an allotment price of 98.63.
The September 2038 BTP was allotted at a gross yield of 4.04%, with an allotment price of 89.89.
Settlement for all three lines was scheduled for May 15, 2026.
