Short-term BTP auction: the yield returns to positive for the 2-year bond (+ 0.14%)

The Treasury today allocated the 2-year ‘short term’ BTP, which took the place of the CTZ, for 3 billion euros (range was 2.5-3 billion).
Demand reached 4.75 billion and the coverage ratio was 1.58. The 2-year BTP (expiring November 2023) was allocated to the yield of + 0.14%, +27 basis points compared to the previous auction.