BTP took profit on declining and geopolitical tensions, start auctions – Reuters Italy

       

 March 26 (Reuters) – – Sitting in the sign of weakness for the Italian sub, weighted according to the trader by sales linked to profit taking after recent gains and the strengthening of a certain risk aversion also determined by geopolitical factors. “The tensions, those relating to Greece but also geopolitical exacerbated this morning by the situation in Yemen, have resulted in a certain ‘sell-off’ sull’azionario and also on the outskirts. What we have therefore to take profits on the rise in risk aversion “says Vincent  Longo, strategist at IG. Saudi Arabia and the allies in the Gulf region have launched this morning an air strike on Yemen to fight the Shiite rebels seeking to oust Yemeni President. “Investors reduce the positions they take advantage to some profit taking,” said a trader. “Even the rods have a certain weight.” This morning, the Treasury has started the back of month-end auctions by placing 3.5 billion Ctz and Btpei, at maximum fochetta expected. The certificate was awarded zero-coupon with a yield to new record low of 0.162% from the previous 0.219%. “Tensions remain confined to the secondary, as revealed by the good auction today, with Ctz which recorded good demand despite the yield declining” says Longo. The gap between German bonds and Italian, already visible in the opening, it is slightly enlarged compared to the first bars of the morning. The month-end auctions continue tomorrow with the offer of 7 billion Bot six months, against  maturities of securities for 7.7 billion. Last night, the Treasury has said it will offer between 5.5 and 7.5 billion in CCTeu and BTP at 5 and 10 years in the appointment in the medium to long next Monday. . ========================= ====================== 12.30 ======= BUND FUTURES June 158.37 (+0.04) FUTURES June BTP 139.32 (-0.32) BTP 2 YEARS (MAG 17) 101.869 (+0.022) 0.268% BTP 10 YEARS (DIC 24) 110.257 (-0.281) 1.368% BTP 30 YEARS (SET 44) 154.823 (-0.109) 2.219% ======================== SPREAD (PB ) =========================== ——————— – ————– ———- FORMER TREASURY / BUND 10 ANNI 171 167 BTP / BUND 2 YEARS 52 52 BTP / BUND 10 YEARS minimum 116 112 112.8 110.6 116.1 116.4 maximum BTP / BUND 30 YEARS 162 161 110.0 106.0 BTP BTP 10/2 YEARS 30/10 YEARS 85.1 87.6 =========== ================================================== == – www.reuters.it On other news Reuters in Italian. The  top news also on www.twitter.com/reuters_italia 

       
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