Bot Auction: 5 billion 6-month securities allocated with yields up 50 bp to 2.822%

The Italian Treasury today placed 5 billion euro of six-monthly bonds, with yields still on the rise. In detail, 5 billion 181-day BOTs (maturity 31 July 2023) were assigned with a simple weighted average yield of 2.822%, up 50 basis points on the previous auction. The demand was €7.52 billion, with a coverage ratio of 1.50.