empty
 
 

2014.04.1711:47:00UTC+00Btp Italia’s Result Signals the very Positive Mood Towards Italian Government Bonds

Quote from UniCredit Research:

- The new BTP Italia Apr20 attracted total demand of EUR 20.565bn, becoming the second-largest issue after the EUR 22.2bn printed by the BTP-i Nov17. The result signals the very positive mood towards Italian government bonds and brings the progress of funding in 2014 to a comfortable 40%.

- Orders from institutional investors amounted to over 50% of the total, more than in past BTP Italia deals. Over the past few days, the good performance of nominal BTPs, with 6-7Y yields dropping by 8-10bp, has taken the BE level of the new BTP Italia to more attractive levels (in the 40bp range, 10bp lower than last Friday). This likely made the bond more interesting for institutional investors.

- With the last BTP-Italia, Italy has covered 40% (EUR 112bn) of its 2014 medium/long-term funding needs, based on our (recently revised) expectations of total gross supply of EUR 281bn, higher than the 37% registered this time in 2013.                                                              

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback