By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) allotted €9 billion across three Treasury bonds (BTPs) and one floating-rate security (CCTeu) on Friday, according to data released by Bank of Italy.

MEF allotted €3 billion of the 3.15% June 2031 BTP at a gross yield of 3.03%, down 13bp from the previous auction in May. Demand reached €4.777 billion, for a bid-to-cover ratio of 1.59, and the bond was allocated at a price of 100.65.

The ministry also sold €2.5 billion of the 3.8% July 2036 BTP at a gross yield of 3.63%, 15bp below the previous auction in May. Orders totaled €4.15 billion, producing a bid-to-cover ratio of 1.66, while the allotment price was 101.72.

It placed the maximum €1.5 billion of the 3.45% February 2036 BTP at a gross yield of 3.58% and a price of 99.22. Demand amounted to €2.828 billion, corresponding to a bid-to-cover ratio of 1.89.

For the floating-rate security, MEF allotted €2 billion of the April 2036 CCTeu at a gross yield of 3.25%, unchanged from the previous auction. Bids reached €3.239 billion, resulting in a bid-to-cover ratio of 1.62, with the bond sold at a price of 99.94.

Settlement for all four lines was scheduled for July 1, 2026.