By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) sold €5 billion of government securities on Tuesday across one government bond (BTP) and two Eurozone inflation-linked BTPei, according to results published by the Bank of Italy.

The largest allocation went to a 2-year BTP 2.2% maturing February 28, 2028, where the Treasury sold the full €2.5 billion on offer against €4.059 billion in bids, resulting in a bid-to-cover ratio of 1.62. The bond was priced at 99.12 with a gross yield of 2.73%, down 7bp from the previous auction.

MEF also placed €1.5 billion of a 5-year BTPei 1.1% maturing August 15, 2031, in line with the maximum offer. Demand reached €2.436 billion, with a bid-to-cover ratio of 1.62. The bond was allotted at a gross yield of 0.89% and a price of 101.10.

Finally, the Treasury sold €1 billion of a 20-year BTPei 2.25% maturing February 15, 2046, also at the full size of the offer. The line drew €1.809 billion in bids, with a bid-to-cover ratio of 1.81, and was priced at 100.25 for a gross yield of 2.25%.

Settlement for all three lines was scheduled for May 28, 2026.