Italy sells EUR 9.5bln vs exp. EUR 8-9.5bln 3.80% 2028, 4.35% 2033, 4.40% 2033 BTP and EUR 1.5bln vs exp. EUR 1-1.5bln 2028 CCTeu
- EUR 5bln 3.80% 2028: b/c 1.39x & gross yield 3.79%
- EUR 2.5bln 4.35% 2033: b/c 1.43x (prev. 1.32x) & gross yield 4.32% (prev. 4.42%)
- EUR 2bln 4.40% 2033: b/c 1.53x (prev. 1.38x) & gross yield 4.24% (prev. 3.13%)
- EUR 1.5bln 2028 CCTeu: b/c 1.82x (prev. 1.75x) & gross yield 4.38% (prev. 4.45%)
Reaction details (10:30)
- A well-received outing which sparked upside in BTP Jun'23, lifting the periphery benchmark to a 114.77 high from around 114.55 and 114.40 before the results and bidding deadline respectively. Action which has also seemingly spurred a slight bid in core counterparts with Bunds and USTs at/near session highs.
30 May 2023 - 10:15- Fixed IncomeImportant- Source: Newswires
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