By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) on Thursday allotted €4 billion of a new three-year Treasury bond (BTP) maturing September 15, 2029.

The bond, carrying a 3% coupon, was issued through a marginal-price auction, with settlement scheduled for June 15, 2026.

Demand totaled €6.461 billion, resulting in a bid-to-cover ratio of 1.62.

The bond was sold at an average allotment price of 99.96, corresponding to a gross yield of 3.03%.

The yield was 5bp higher than at the previous auction of a three-year BTP, held on May 13, 2026.