Sections

Rate drops to 0,023% at 1-yr bond auction (2)

Spread steady at 108 points

Redazione Ansa

(ANSA) - Rome, October 12 - The Treasury on Monday sold all of the seven billion euros' worth of one-year BOT State bonds that it put up for auction at an average interest rate of 0.023%, down from 0.028% at an equivalent sale in September. The spread between the 10-year BTP bond and the German equivalent, a key measure of investor confidence and of Italy's borrowing costs, was steady at around 108 basis points after the auction.
    The yield on the 10-year BTP stood at 1.68%.
   

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