The BTP Short Term Auction involves the issuance of Italian government bonds with maturities ranging from 18 to 30 months. These securities are used by the Italian Treasury to manage short-term funding requirements and provide liquidity to the sovereign debt market. They replaced the previous CTZ (Zero-Coupon) bonds and are a key gauge of market sentiment toward Italian fiscal stability.
The Treasury issues these bonds through a marginal auction process where the price and yield are determined by competitive bids from institutional investors. The results include the total amount allotted and the bid-to-cover ratio.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jan 28, 2025 | 1.90 | — | — |
| Nov 26, 2024 | 2.47 | — | — |
| Oct 25, 2024 | 2.56 | — | — |
| Sep 25, 2024 | 2.51 | — | — |
| Jul 25, 2024 | 3.10 | — | — |
| Jun 25, 2024 | 3.48 | — | — |
| May 28, 2024 | 3.51 | — | — |
| 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 | — | — |
