Between the expected ECB shield and inflation, BTp Italia raises 3.4 billion on its debut

The Treasury could not have chosen a better time to put the new BTp Italia to savers (and not just them). Because on the one hand this is the period when inflation anxiety is at its highest, and BTp Italia works specifically to protect against the cost of living. On the other hand, because these are days of great hope in the markets for the arrival of the European Central Bank’s anti-proliferation shield.

Thus, in the session when the spread between BTp and Bund remained at 205 basis points (it was at minus 252…

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