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BTp Value rises to 13 billion, rate increase on the table
The BTp Valore also travelled briskly on the third day of the offering, with 2.79 billion raised in 94,884 contracts, bringing the provisional total to 13 billion and 406,064 subscribers. These numbers continue to place the bond in third place in the historical series of Treasury bonds in the 'Value' family, with no substantial change in the ranking. But as the closing of the placement, scheduled for Friday 6 March at 1.00 p.m., draws nearer, questions about a possible upward adjustment of yields are becoming more dense; a hypothesis that at the moment does not seem improbable, even if the verdict will be known only at the end of the offering. [....]