Italy's borrowing costs fall to multi-month low at auction on ECB rate cut bets
Published by Global Banking and Finance Review
Posted on April 29, 2025
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on April 29, 2025
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)