Finance
Italy's borrowing costs fall to multi-month low at auction on ECB rate cut bets
Published by Global Banking & Finance Review®
Posted on April 29, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on April 29, 2025
1 min readLast updated: January 24, 2026
Italy's borrowing costs fell at an auction due to ECB rate cut expectations, with the Italian Treasury selling 9.5 billion euros in bonds.
MILAN (Reuters) -Italy's funding costs hit a multi-month low at an auction on Tuesday, driven down by expectations of further rate cuts by the European Central Bank.
The Italian Treasury sold the planned maximum amount of 9.5 billion euros ($10.83 billion) over three bonds, including a new 10-year BTP.
It assigned 4 billion euros of a new 10-year BTP bond maturing October 2035, at a 3.62% gross yield, the lowest since February, down from 3.83% at the previous auction when it sold a note due on August 2035.
It also placed 3.5 billion euros of a five-year BTP bond maturing in July 2030, fetching a 2.74% gross yield, equalling a June 2022 level. That compared with 3.05% at the end of March.
The Treasury sold 2 billion euros of a floating-rate CCTeu bond maturing April 2033 with a 3.27% yield.
($1 = 0.8776 euros)
(Reporting by Sara Rossi, editing by Gavin Jones)
The main topic is Italy's borrowing costs falling due to expectations of ECB rate cuts.
The Italian Treasury sold 10-year BTP, 5-year BTP, and floating-rate CCTeu bonds.
The costs fell due to market expectations of further rate cuts by the European Central Bank.
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