(ANSA) - ROME, JUN 14 - The yields of today's auction of 3 and 7 year BTPs, rising sharply to 3.04% and 3.75%, are at the highest levels from those of the sovereign debt crisis.
This is what Assiom Forex expert Filippo Capaccioli explains, according to whom "the market is discounting the hawkish attitude of the ECB" and "is trying to test if and how the central bank will deploy anti-spead tools".
6 billion BTPs were placed in the auction.
In particular, 3-year BTPs with 2025 maturity for € 2 billion and a gain of 3.04% (+152 basis points compared to 1.5% of the last placement), 7-year BTPs with 2029 maturity for 2.5 billion were sold euros with a yield of 3.75% (+136 basis points) and two 30-year BTPs for a total of 1.5 billion euros with a gain of 4 respectively,
23% for the one with maturity at 2052 and 4.20% for the one maturing at 2049 In any case, explains Capaccioli, "Italian banks are not those of 2010-2011 but have fewer impaired loans" and portfolios of government bonds at higher values market, and therefore there is a lower risk of transmission of the contagion between public debt and the banking system.
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