BTPs: 2.5 billion in short-term bonds allocated; yield jumps to its highest level since 2023 at 3.64 per cent

BTp-i: 1 billion in 5-year bonds allocated at 1.57 per cent and 1 billion in 10-year bonds at 2.42 per cent

(Il Sole 24 Ore Radiocor) - Yields rose sharply at today’s auction, in which the Ministry of Economy and Finance (MEF) placed a total of 4.5 billion in bonds. Specifically, the third tranche of the short-term BTP maturing on 30 October 2028 was allocated for 2.5 billion, with yields rising by as much as 62 basis points to 3.64 per cent – levels not seen since October 2023. Demand stood at 4.106 billion, resulting in a bid-to-cover ratio of 1.64. The 17th tranche of the inflation-indexed BTp maturing on 15 August 2031 was also allocated for 1 billion, with a yield of 1.57 per cent, and the third tranche of the BTp-i maturing on 15 February 2037, also for 1 billion, with a yield up by 38 basis points to 2.42 per cent.

Mlp