Sold Eur 4 bln of 2015 BTP’s , yield 2.75% down from 4.65% in July’s auction, Cover 1.49 from 1.732. Lowest yield since Oct 2010.
Sold Eur 1 bln of 2017 BTP’s , yield 3.71%, cover 1.85
Sold Eur 1.5 bln of 2026 BTP’s , yield 5.32%, cover 1.5
Improved yields in the 3 yr issue but hardly any surprises there….
