The reading has risen in each of the last 3 releases.
An auction of 'Buoni del Tesoro Poliennali' (BTP), which are medium-to-long term Italian government bonds with a five-year maturity. This event is a key indicator of investor confidence in Italy's ability to manage its sovereign debt over a medium-term horizon. The auction results, particularly the average yield and the bid-to-cover ratio, provide insights into market liquidity and risk appetite for Italian assets.
The auction is conducted via a marginal price method. The Treasury sets the volume, and primary dealers submit competitive bids; the final yield is determined by the lowest price accepted to fill the total volume.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 29, 2026 | 4.08 | — | — |
| Aug 28, 2026 | 3.44 | — | — |
| Jul 30, 2026 | 3.39 | — | — |
| Jun 26, 2026 | 3.03 | — | — |
| May 28, 2026 | 3.16 | — | — |
| Apr 29, 2026 | 3.32 | — | — |
The latest reading is 1.9 standard deviations above the mean.
