By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) on Tuesday sold a total of €5.5 billion across one short-term Treasury bond (BTP Short Term), one Treasury bond (BTP) and one Treasury bond linked to euro-area inflation (BTPei), according to results released by the Bank of Italy.

For the 2.2% BTP Short Term due February 28, 2028, MEF allotted €1.25 billion against demand of €2.379 billion, resulting in a bid-to-cover ratio of 1.90.

The bond was sold at a price of 98.93, with a gross yield of 2.92%, up 18bp from the previous auction held on June 24, 2026. Following the reopening, the amount outstanding increased to €18.65 billion.

The 0.5% BTP due July 15, 2028 attracted bids totaling €2.243 billion against an allotment of €1.25 billion, producing a bid-to-cover ratio of 1.79.

The bond was allotted at a price of 95.50, with a gross yield of 2.89%. Following the reopening, the amount outstanding reached €16.99 billion.

Finally, the ministry sold €3 billion of the new 2% BTPei due February 15, 2037 in its first tranche. Demand totaled €4.331 billion, resulting in a bid-to-cover ratio of 1.44.

The bond was allotted at a price of 99.74, with a gross yield of 2.04%. The issue was launched with an indexation coefficient of 1, bringing the amount outstanding to €3 billion.

Settlement for all three lines is scheduled for July 30, 2026.