Rising yields in the Treasury auction, but the phenomenon is global and linked to inflation and growth. And the experts are looking rather at the ECB decisions on share buybacks
by Maximilian Cellino
The cost of the Italian debt upon issuance returns to increase, as was foreseeable, but it is not the political risk that has made it more expensive as recognized yesterday also S&P Global Ratings. In the first real public auction of 2022, the Treasury has in fact placed BTp for an amount of 7 billion euros. It did so by attracting, as usual, a good demand from investors, but having to grant them more substantial returns than in previous auctions: 24 cents in …
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