ITALY DEBT AGENCY (TESORO) SELLS TOTAL €7.49B VS. €6.0-7.5B INDICATED RANGE IN 2020, 20245 AND 2048 BTP BONDS
- Sells €4.0B vs. €3.5-4.0B indicated range in new 0.20% Oct 2020 BTP bonds; Avg Yield: 0.15% v 0.05% prior; Bid-to-cover: 1.61x v 1.86x prior
- Sells €2.0B vs. €1.5-2.0B indicated range in 1.45% Nov 2024 BTP bonds; Avg Yield: 1.53% v 1.52% prior; Bid-to-cover: 1.73x v 1.37x prior
- Sells €1.49B vs. €1.0-1.5B indicated range in 3.45% Mar 2048 BTP; Avg Yield: 3.33% v 3.32% prior; Bid-to-cover: 1.39x v 1.71x prior