The 2-Year BTP (Buoni del Tesoro Poliennali) Short Term Auction is a key debt issuance event by the Italian Treasury. These bonds are essential for funding Italy's national budget and managing its significant public debt profile. Investors closely monitor the yield and the bid-to-cover ratio as indicators of Italy's fiscal health and the perceived risk within the Eurozone periphery. High demand often signals confidence in the Italian economy and broader European stability.
The auction is managed by the Bank of Italy on behalf of the Ministry of Economy and Finance using a marginal auction technique. The price and yield are determined based on the bids submitted by authorized primary dealers.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 26, 2026 | 3.02 | — | — |
| Mar 25, 2026 | 2.89 | — | — |
| Nov 25, 2025 | 2.18 | — | — |
| Oct 28, 2025 | 2.15 | — | — |
| Sep 24, 2025 | 2.23 | — | — |
| Aug 26, 2025 | 2.20 | — | — |
| Jul 24, 2025 | 2.11 | — | — |
| Jun 25, 2025 | 2.12 | — | — |
| May 27, 2025 | 2.01 | — | — |
| Apr 24, 2025 | 2.00 | — | — |
| Mar 26, 2025 | 2.38 | — | — |
| Feb 25, 2025 | 2.38 | — | — |
| Jan 28, 2025 | 2.61 | — | — |
| Aug 27, 2024 | 2.89 | — | — |
| Apr 23, 2024 | 3.42 | — | — |
| Mar 22, 2024 | 3.31 | — | — |
| Feb 23, 2024 | 3.41 | — | — |
| Jan 25, 2024 | 3.21 | — | — |
| Oct 25, 2023 | 3.99 | — | — |
| Sep 26, 2023 | 3.97 | — | — |
