The 7-Year BTP (Buoni del Tesoro Poliennali) Auction represents a key debt issuance by the Italian Treasury to finance government operations. The auction results, specifically the average yield and the bid-to-cover ratio, reflect investor confidence in Italy's fiscal health and the broader Eurozone economy. It is a critical indicator for assessing sovereign risk in the periphery of the Eurozone.
The auction is conducted via a marginal process where institutional investors submit competitive bids. The Treasury determines the final yield and allocation based on the total demand received.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 10, 2026 | 3.98 | — | — |
| Jul 28, 2026 | 2.89 | — | — |
| Jul 10, 2026 | 3.50 | — | — |
| May 13, 2026 | 3.55 | — | — |
| Apr 10, 2026 | 3.51 | — | — |
| Mar 12, 2026 | 3.34 | — | — |
| Feb 12, 2026 | 3.02 | — | — |
| Nov 13, 2025 | 3.00 | — | — |
| Oct 14, 2025 | 3.05 | — | — |
| Sep 11, 2025 | 2.76 | — | — |
| Jul 11, 2025 | 3.17 | — | — |
| Jun 12, 2025 | 3.02 | — | — |
| May 13, 2025 | 3.28 | — | — |
| Apr 11, 2025 | 3.30 | — | — |
| Feb 13, 2025 | 3.18 | — | — |
| Jan 13, 2025 | 3.49 | — | — |
| Dec 12, 2024 | 2.92 | — | — |
| Nov 13, 2024 | 3.23 | — | — |
| Oct 11, 2024 | 3.19 | — | — |
| Sep 12, 2024 | 3.15 | — | — |
| Jul 11, 2024 | 3.57 | — | — |
| Jun 13, 2024 | 3.72 | — | — |
| May 10, 2024 | 3.52 | — | — |
| Apr 11, 2024 | 3.53 | — | — |
| Mar 27, 2024 | 3.24 | — | — |
| Mar 13, 2024 | 3.31 | — | — |
| Feb 13, 2024 | 3.53 | — | — |
| Dec 13, 2023 | 3.63 | — | — |
| Nov 10, 2023 | 4.21 | — | — |
| Oct 12, 2023 | 4.37 | — | — |
| Sep 13, 2023 | 4.21 | — | — |
| Jul 13, 2023 | 3.90 | — | — |
| Jun 13, 2023 | 3.75 | — | — |
| May 11, 2023 | 3.94 | — | — |
| Apr 13, 2023 | 4.02 | — | — |
| Mar 14, 2023 | 3.98 | — | — |
| Feb 14, 2023 | 3.80 | — | — |
| Jan 26, 2023 | 3.10 | — | — |
| Jan 12, 2023 | 3.77 | — | — |
| Dec 13, 2022 | 3.61 | — | — |
| Nov 24, 2022 | 2.54 | — | — |
| Nov 11, 2022 | 3.84 | — | — |
| Oct 13, 2022 | 4.25 | — | — |
| Sep 13, 2022 | 3.50 | — | — |
| Jul 13, 2022 | 2.76 | — | — |
| Jun 14, 2022 | 3.75 | — | — |
| May 12, 2022 | 2.39 | — | — |
| Apr 13, 2022 | 2.04 | — | — |
| Mar 11, 2022 | 1.47 | — | — |
| Feb 11, 2022 | 1.52 | — | — |
The latest reading is 1.3 standard deviations above the mean.
