By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) sold €10.5 billion of BTPs and CCTeus on Thursday, according to data published by the Bank of Italy.

The MEF allotted €3.5 billion of the 3.15% June 2031 BTP at a gross yield of 3.16%, down 16bp from the previous auction on April 29. Demand for the line totaled €5.32 billion, resulting in a bid-to-cover ratio of 1.52.

It also sold €2.5 billion of the 3.80% July 2036 BTP at a gross yield of 3.77%, 32bp below the previous auction on March 27. Bids amounted to €4.02 billion, for a bid-to-cover ratio of 1.61.

It allotted €1.25 billion of the 2.25% September 2036 BTP. Demand reached €2.18 billion, with a bid-to-cover ratio of 1.74. The bond cleared at a gross yield of 3.75%.

In the floating-rate segment, MEF sold €2 billion of the April 2036 CCTeu at a gross yield of 3.25%, down 11bp from the previous auction on April 29. Total bids amounted to €3.17 billion, for a bid-to-cover ratio of 1.59.

Finally, it allotted €1.25 billion of the April 2035 CCTeu at a gross yield of 3.17%. Demand totaled €2.19 billion and the bid-to-cover ratio was 1.75.

Settlement of all securities was scheduled for June 1, 2026.