Italian auction results

Pubblicato il 30 Maggio 2012 da Veronica Baker

Italy sold a total of Eur 5.732 bln 5 and 10 yr BTP’s out of a targeted Eur 4.5-6.25 bln

Sold Eur 3.391 bln of benchmark 4.75% June 2017 BTP, yield 5.66 % (from 4.86%), cover 1.352 (from 1.34)

Sold Eur 2.341 bln of benchmark 5.5% Sept 2022 BTP, yield 6.03 % (from 5.84%), cover 1.395 (from 1.48)

Worse yields and failed to take up the full target : Very bad result.

And more :

Italy To Increase Excise Duty On Petrol ( .02€ ) To Fund Aid For Earthquake

Necessary

Austrian Tax Revenues Fall In First 4 Months Of 2012

  • Tax take down 3.1%
  • Expenditures rise 3.5%
  • Still expects to meet 2012 deficit target

…this is the beginning of the troubles…

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