Italy Bond Auction Results Released: Bid-to-Cover Ratios and Gross Yields for 3 BTP Tranches Unveiled

【Italy Bond Auction Results Released: Bid-to-Cover Ratios and Gross Yields for 3 BTP Tranches Unveiled】

(1) Italy's Treasury auctioned three BTP bonds on Thursday, with the October 2028 maturity issuing €2.5 billion, total bids of €4.106 billion, a bid-to-cover ratio of 1.64, a gross yield of 3.64%, and a settlement price of 98.80.

(2) The August 2031 maturity issued €1 billion, with total bids of €1.634 billion, a bid-to-cover ratio of 1.63, a gross yield of 1.57%, and a settlement price of 97.81.

(3) The February 2037 maturity issued €1 billion, with total bids of €1.645 billion, a bid-to-cover ratio of 1.65, a gross yield of 2.42%, and a settlement price of 96.29.

(4) Compared with the previous auction, the yield on the October 2028 maturity rose 62 basis points, and the yield on the February 2037 maturity rose 38 basis points.