ITALY DEBT AGENCY (TESORO) SELLS TOTAL €7.25B VS. €5.75-7.25B INDICATED IN 2019, 2023 AND 2036 BTP BONDS
- Sells €3.0B vs. €2.50-3.0B indicated in 0.05% Oct 2019 BTP; Avg Yield: 0.06% v 0.30% prior; Bid-to-cover: 1.46x v 1.55x prior
- Sells €2.75B vs. €2.25-2.75B indicated range in 0.65% Oct 2023 BTP; Avg Yield: 1.15% v 1.37% prior; Bid-to-cover: 1.47x v 1.45x prior
- Sells €1.5B vs €1.0-1.5B in 2.25% 2036 BTP: Avg Yield: 2.53% v 1.91% prior; Bid-to-cover: 1.46x v 1.34x prior