Last auction with slightly lower yields. But from March the ECB could decide to reduce the budget.
by Maximilian Cellino
With the 7 billion euro of BTPs assigned today, 2022 of the auctions for the Treasury ended: a truly challenging year, which saw the costs for the placement of Italian debt rise beyond expectations mainly due to the aggressive moves implemented by the ECB on rates to curb the rise of inflation. Overall, the average cost of issuing Italian securities has in fact multiplied compared to the minimums reached at 0.10% the previous year to now exceed 1….