Italy gets its’ dosh. And kinda cheap at that……

Italy sold 4 bln euros Nov 2017 BTP, gross yield 3.80% down from previous 4.09%. Bid to cover ratio 1.492, up from previous 1.38.

Also sold 3 bln euros 2022 BTP, gross yield 4.92% down from previous 5.24%. Bid to cover ratio 1.429, up from 1.33.

Targetted amount obtained, yields lowest since May 2011 and better cover to boot. All good stuff.

Best in 2026

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