Italy's short-term funding cost reached a record low at today's auction as investors hope to see an end to the political deadlock.
The treasury sold EUR 8 billion treasury bills at a yield of 0.503 percent, down from the 0.831 percent yield logged at a similar auction last month.
However, demand slowed slightly compared to the previous issue. The bid-to-cover ratio fell to 1.4 from 1.64 in the prior month.
The treasury will offer 5- and 10-year BTPs next Monday, to raise EUR 6 billion.
Prime Minister-designate Enrico Letta started talks to form a broad coalition government, with the centre-right People of Liberty party to which Silvio Berlusconi belongs.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.