Non è una gran bella notizia (bid to cover prossimo a 1 stando alla
reuters), speriamo sia un'eccezione altrimenti il gioco si farà duro.

PINO

"123lagallinafailcaffe" <pulcino@pollaio.pio> ha scritto nel messaggio
news:4bd6b1ec$0$1113$4fafbaef@reader2.news.tin.it. ..
> Non è una gran bella notizia (bid to cover prossimo a 1 stando alla
> reuters), speriamo sia un'eccezione altrimenti il gioco si farà duro.


ma a 3 mesi o 6 mesi? non la trovo O_o

"}M4Ud|t{" <ocean12@live.it> ha scritto nel messaggio
news:hr6diu$t42$1@speranza.aioe.org...
> "123lagallinafailcaffe" <pulcino@pollaio.pio> ha scritto nel messaggio
> news:4bd6b1ec$0$1113$4fafbaef@reader2.news.tin.it. ..
>> Non è una gran bella notizia (bid to cover prossimo a 1 stando alla
>> reuters), speriamo sia un'eccezione altrimenti il gioco si farà duro.
> ma a 3 mesi o 6 mesi? non la trovo O_o

6 mesi http://bit.ly/9kX0EP

PINO

"123lagallinafailcaffe" <pulcino@pollaio.pio> ha scritto nel messaggio
news:4bd6b1ec$0$1113$4fafbaef@reader2.news.tin.it. ..
> Non è una gran bella notizia (bid to cover prossimo a 1 stando alla
> reuters), speriamo sia un'eccezione altrimenti il gioco si farà duro.
> PINO

Italy govt bond sale sees first Greek shivers
* Lowest bid-to-cover ratio since July 20, 2009

MILAN/LONDON, April 27 (Reuters) - A sale of Italian short-term government
bonds met poor demand on Tuesday, reflecting fallout from Greece's problems
rather than dislike of Italian securities, market players said.

The bid-to-cover ratio on Tuesday's auction of 9.5 billion euros of bills
expiring Oct. 29, 2010 fell to 1.029 from 1.499 at the end of March.

"Since this thing with Greece started, (Italian bills) have been quite
immune to the sell off in Greek and peripheral paper generally, but now it
seems they are catching up," said Michael Leister, strategist at WestLB in
Dusseldorf.

"No-one is able to forecast what will happen tomorrow or after that ... It's
the first day Italy has been obviously under pressure, especially on the
short end of the curve," said one operator at a primary Italian institute.

"A weak BOT auction this morning has spooked the market into pricing in some
weak BTP auctions on Thursday, and hence the 3Y and 10Y BTPs have all given
up more concession on the curve," a research note from Credit Agricole CIB
Fixed Income Markets said.

That has pushed the spread between 10-year BTPs and their German bund
equivalents beyond 100 basis points to hit 102.5 points, its highest level
since July 20 last year.

"It's going to be very, very interesting to see on Thursday ... The way we
see it is that Ireland, Spain, Portugal and to a lesser extent Spain and
Italy will have trouble accessing the market. Not for a tap-type of auction
but if they were to place a new benchmark they would have considerable
difficulty in the current market with volatility so high. It's going to be a
real challenge for them," Leister said.

Italy's government debt market has so far held up better than those of other
peripheral euro zone countries like Portugal or Ireland as it benefits from
relatively modest fiscal and current account gaps, stable credit ratings, a
strong domestic savings base and the high liquidity of its debt market.

PINO