BTP positive progress on Greece, the Treasury placed 1.57 billion in … – Reuters Italy

       

 MILAN, July 17 – Italian Government positive in late morning, in line with almost all of the European sector, in the wake of progress for a new bailout for Greece, in a session in which the Treasury has placed 1,574,000,000 BTP in March 2030 in the second year swap operation. At around 12.45 the yield spread between BTP and Bund on the stretch to 10 years amounted to 123 basis points from 121 of the end of the session and, in parallel, the rate of ten-year down to 1.98% from 2% of ‘ last close. To give the market a positive trend contribute  ratifications of some European parliaments – including the German one called to speak today – the agreement reached last weekend to launch the third bailout for Athens. Ahead of the vote in the Bundestag, the German Finance Minister Wolfgang Schaeuble has urged parliamentarians to speak favorably on the opening of negotiations for the bailout, noting that this is the last attempt to save Athens. Meanwhile, Greek banks, now closed for three weeks, should reopen Monday, although still waiting for a green light from the ECB and the government, as reported by a senior banking source, a day after Frankfurt decided a new increase liquidity program in favor of Greek institutions (Ela) for 900 million euro. “Today is a quiet sitting and support the market contribute ratifications of European parliaments Agreement greek. The exchange exerted a slight pressure on the market but was well absorbed. The volumes are not particularly robust, especially in the short and average  curve while, thanks to the exchange, are a bit ‘more sustained on the long stretch “, summarizes a trader of a major Italian bank. In the second operation of exchange of the year, after the April, Via XX Settembre has placed 1,574,000,000 BTP in March 2030 – to an offer of up to 2 billion – 1.693 billion buying back three and two BTPs with maturities between CCTeu 2016 and 2018. =========================== 12.45 ============== =============== BUND FUTURES WEEK. 152.55 (+0.49) BTP FUTURES WEEK. 134.36 (+0.26) BTP 2 YEARS (17 May) 101.805 (+0.005) 0.155% BTP 10 years (June 25) 95.825 (+0.202) 1.977% BTP 30 years (Sept. 46) 103.141 (+0.949) 3.115 ========================% SPREAD (PB) ===================== ====== ——————— ————— ——– – FORMER TREASURY / BUND 10 ANNI 160 157 BTP / BUND 2 YEARS 39 39 BTP / BUND 10 YEARS 123,121 minimum maximum 122.1 119.0 125.4 126.1 BTP /  BUND 30 YEARS 162,162 BTP 10/2 YEARS 182.2 183.8 113.8 116.7 ================================= BTP 30/10 YEARS ============================== site www.reuters.it other news Reuters in Italian. The top news also on www.twitter.com/reuters_italia 

       
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