Italy's Tesoro opens book to sell EUR-denominated new 2yr BTPei, guidance seen MS+33bps

Italy's Tesoro is tapping the market with a new 2-year EUR-denominated BTPei, guided at MS+33bps, which suggests they are trying to attract investors with a relatively competitive yield.

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Italy's Tesoro opens book to sell EUR-denominated new 2yr BTPei, guidance seen MS+33bps

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This move indicates confidence in demand for Italian debt despite broader economic conditions, and we may see implications for the yield curve and risk appetite across European fixed income markets. Watch how this placement affects spreads and investor sentiment towards Italian bonds moving forward.

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