The 15-Year BTP Auction represents the sale of Italian government bonds with a 15-year maturity by the Ministry of Economy and Finance. These auctions are critical for funding Italy's long-term national debt and serve as a benchmark for investor confidence in the country's fiscal stability. Analysts monitor the yield and the bid-to-cover ratio to gauge market demand and the perceived risk premium of Italian sovereign debt compared to other Eurozone members.
The auction is conducted through a marginal bidding process where primary dealers submit bids for price and quantity. The Treasury determines the final yield and allocation based on the highest bids until the total offered amount is covered.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jul 30, 2026 | 3.95 | — | — |
| Jul 10, 2026 | 4.23 | — | — |
| Apr 29, 2026 | 3.77 | — | — |
| Apr 10, 2026 | 4.27 | — | — |
| Mar 12, 2026 | 3.85 | — | — |
| Oct 14, 2025 | 3.87 | — | — |
| Jul 11, 2025 | 4.03 | — | — |
| Apr 11, 2025 | 4.06 | — | — |
| Mar 13, 2025 | 3.72 | — | — |
| Jan 30, 2025 | 3.57 | — | — |
| Dec 12, 2024 | 3.19 | — | — |
| Nov 13, 2024 | 3.93 | — | — |
| Oct 11, 2024 | 3.88 | — | — |
| Sep 25, 2024 | 1.97 | — | — |
| Jun 25, 2024 | 2.26 | — | — |
| Jun 13, 2024 | 4.27 | — | — |
| Apr 11, 2024 | 4.16 | — | — |
| Mar 13, 2024 | 3.85 | — | — |
| Jan 25, 2024 | 2.32 | — | — |
| Nov 10, 2023 | 4.84 | — | — |
| Jul 13, 2023 | 4.37 | — | — |
| Apr 13, 2023 | 4.42 | — | — |
| Feb 14, 2023 | 4.28 | — | — |
| Oct 13, 2022 | 4.82 | — | — |
| Jul 13, 2022 | 3.45 | — | — |
| Mar 11, 2022 | 2.11 | — | — |
