By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) on Thursday allotted €8 billion across three Treasury bonds (BTPs) and one floating-rate security (CCTeu), according to data released by the Bank of Italy.

MEF allotted €3 billion of the 3.15% BTP due June 1, 2031, at a weighted average price of 99.05 and a gross yield of 3.39%, 36bp higher than at the previous auction on June 26, 2026. Bids totaled €4.763 billion, resulting in a bid-to-cover ratio of 1.59.

The ministry also sold €1.75 billion of the 3.8% BTP due July 1, 2036, at a weighted average price of 98.70 and a gross yield of 4.00%, up 37bp from the June auction. Bids amounted to €2.987 billion, generating a bid-to-cover ratio of 1.71.

MEF allotted €1.25 billion of the 1.45% BTP due March 1, 2036, at a weighted average price of 80.49 and a gross yield of 3.95%. Bids totaled €2.301 billion, corresponding to a bid-to-cover ratio of 1.84.

Finally, MEF allotted €2 billion of the CCTeu due April 15, 2036, at a weighted average price of 99.53 and a gross yield of 3.30%, 5bp higher than at the June auction. Bids totaled €3.163 billion, producing a bid-to-cover ratio of 1.58. The current semi-annual coupon is 1.645%.

Settlement for all four lines is scheduled for August 3, 2026.