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The Treasury today allocated the ‘short term’ BTP and BTP indexed to European inflation (BTPEI) for 3.25 billion, the maximum of the expected range (2.5-3.25 billion). In detail, € 2.25 billion of the new 2-year short-term BTP (range was 1.75-2.25 billion) was placed, which took the place of the CTZ, with demand reaching 3 , 2 bln. The coverage ratio was 1.45. The 2-year BTP (maturing January 2024) was allocated to the yield of -0.26%, -3 basis points compared to the auction one month ago.
Also allocated the 10-year Btpei (maturity May 2030) for 1 billion. Demand was 1.4 billion with a coverage ratio of 1.46. The allocation yield of the Btpei was -0.65% (+20 bps compared to the previous auction).