Italy sells EUR 6.5bln vs exp. EUR 6-6.5bln 2.85% 2031, 3.45% 2036 BTP & EUR 2.0bln vs exp. EUR 1.5-2.0bln 1.468% 2035 CCTeu
Newsquawk Staff ·
- 2.85% 2031: b/c 1.59x (prev. 1.53x) & yield 2.74% (prev. 2.74%)
- 3.45% 2036: b/c 1.50x (prev. 1.57x) & yield 3.44% (prev. 3.44%)
- 1.468% 2035 CCTeu: b/c 1.65x (prev. 1.42x) & yield 2.71% (prev. 2.84%)
What it means
Italy's bond auction achieved a total sale of EUR 6.5 billion, surpassing expectations modestly. The decent bid-to-cover ratios, particularly for the 2035 CCTeu bond, indicate strong demand, although stability in yields suggests investor caution regarding future rate movements. This outcome is likely to lend support to Italian debt but could also reflect broader market sentiment about European monetary policy dynamics.
- Meta (META) launches USD 15bln 5-parter: 5yr, 7yr, 10yr, 20yr, 30yr
- ECB’s Nagel says he is confident that France will get a grip on its budget issues; This isn't a task for monetary policy
- Meta (META) reportedly seeking to raise up to USD 25bln in its debt offering (vs reports yesterday suggesting USD 20bln)
- ECB’s Sleijpen says the Iran shock is more persistent than earlier thought but we don’t really see second-round effects yet
- UK sells GBP 3.25bln 4.625% 2037 Green Gilt: b/c 3.38x (prev. 3.31x), average yield 5.268% (prev. 4.934%) & tail 0.3bps (prev. 0.2bps)
Related headlines
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources5 days ago
- BoC Governor Macklem reiterates that there could be a need to raise the policy rate further; 5 days ago
- Meta (META) is looking to raise USD 15bln in USD-denominated bonds, Bloomberg reports5 days ago
- SNB's Schlegel says inflationary pressure in September was slightly higher than in June5 days ago
- Germany sells EUR 3.839bln vs exp. 5bln 2.90% 2031 Bobl; b/c 1.4x (prev. 1.1x), average yield 3.14% (prev. 3.2%), retention 23.22% (prev. 33%)5 days ago
- [ANALYSIS] US Midterms: Senate, Governor and PUC indicative timings5 days ago
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms5 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 5 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-165 days ago
- Investors placed as much as USD 58bln of orders on Meta’s (META) USD bond offering, which is expected to be at least USD 15bln in size, Bloomberg reports5 days ago
- ECB's Nagel says a rate hike in December is very likely going to be necessary5 days ago
- Quarterly Refunding Primer: Eyes on guidance and buyback commentary5 days ago
- US sells 6-wk bills at high-rate 3.940%, B/C 2.88x5 days ago
- US Treasury announces buyback of up to USD 6bln of 10-20yr nominal coupons for November 4th (preliminary)5 days ago
- US to sell USD 75bln of 17-wk bills on November 4th, to sell USD 115bln of 4-wk bill and USD 110bln of 8-wk bills on November 5th; all to settle on November 10th5 days ago