Bank of Italy 6-month T-bond auction 50.39 pct oversubscribed
Published April 24th, 2007
The Bank of Italy 6-month treasury bill (BOT) auction was 50.39 pct oversubscribed, while the yield rose from the previous auction.
The average compound price was 98.005, while the simple gross yield rose to 3.983 pct from 3.882 pct previously. The compound annual yield was 4.022 pct, up from 3.92 previously.
The Bank of Italy said it received 14.288 bln eur worth of bids for 9.500 bln on offer and assigned.
The exclusion price was 97.519.
