Italy EUR

Italy 12-Month BOT Auction

Impact:
Low

Latest Release:

Date:
Actual:
2.181%
Forecast:
Previous/Revision:
2.063%
Period:
What Does It Measure?
The 12-Month BOT (Buono Ordinario del Tesoro) auction in Italy measures the government's ability to finance its debt through short-term securities. This auction primarily assesses demand for government bonds and investor confidence in Italy's fiscal health, focusing on interest rates and the total amount of bonds sold.
Frequency
The 12-Month BOT auction occurs monthly, with results typically released shortly after the auction date, providing preliminary data that may be revised later.
Why Do Traders Care?
Traders monitor the 12-Month BOT auction as it can impact bond yields and overall market sentiment regarding Italy’s economic stability. Strong demand and lower yields from the auction generally signal confidence in Italy's creditworthiness, positively influencing the euro (EUR) and equities, while weak demand and higher yields may have a negative impact.
What Is It Derived From?
The auction results are derived from bids submitted by investors, including institutional and retail investors, based on their willingness to purchase the bonds at specified interest rates. The final interest rate is determined by the highest accepted bid, and the total amount raised is influenced by the level of demand from these investors.
Description
The 12-Month BOT auction provides insight into short-term government financing costs and liquidity in the financial markets. The auction results serve as a critical barometer for investor confidence and help gauge macroeconomic conditions in Italy, influencing other financial assets.
Additional Notes
This auction serves as a coincident economic indicator, reflecting the current state of government borrowing and investor sentiment. It is comparable to similar treasury auctions in other Eurozone countries, facilitating insights into regional trends within the broader European economic landscape.
Bullish or Bearish for Currency and Stocks
Higher than expected demand: Bullish for EUR, Bullish for Stocks. Lower than expected demand: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
2.181%
2.063%
2.063%
2.05%
2.05%
2.03%
2.03%
2.012%
2.012%
1.961%
1.961%
1.983%
1.983%
1.959%
1.959%
2.12%
2.12%
2.337%
2.337%
2.323%
2.323%
2.517%
2.517%
2.411%
2.411%
2.695%
2.695%
2.859%
2.859%
2.892%
2.892%
3.112%
3.112%
3.483%
3.483%
3.584%
3.584%
3.545%
3.545%
3.532%
3.532%
3.546%
3.546%
3.522%
3.522%
3.442%
3.442%
3.528%
3.528%
3.86%
3.86%
3.942%
3.942%
3.873%
3.873%
3.82%
3.82%
3.947%
3.947%
3.637%
3.637%
3.46%
3.46%
3.39%
3.39%
3.613%
2.934%
3.613%
3.613%
3.179%
3.236%
3.179%
3.179%
3.086%
3.086%
2.669%
2.669%
2.69%
2.69%
2.532%
2.532%
2.091%
2.091%
0.994%
0.994%
0.722%
0.722%
0.893%
0.893%
0.121%
0.121%
-0.105%
-0.105%
-0.436%
-0.436%
-0.324%
-0.324%
-0.444%
-0.444%
-0.467%
-0.467%
-0.533%
-0.533%
-0.474%
-0.474%
-0.477%
-0.477%
-0.513%
-0.513%
-0.459%
-0.459%
-0.49%
-0.49%
-0.443%
-0.443%
-0.436%
-0.436%
-0.421%
-0.421%
-0.454%
-0.454%
-0.478%
-0.478%
-0.498%
-0.498%
-0.478%
-0.478%
-0.436%
-0.436%
-0.225%
-0.225%
-0.192%
-0.192%
-0.124%
-0.124%
0.014%
0.014%
0.248%
0.248%
0.534%
0.534%
0.072%
0.072%
-0.319%
-0.319%
-0.242%
-0.242%
-0.191%
-0.191%
-0.135%
-0.135%
-0.219%
-0.219%
-0.226%
-0.226%
0.107%
0.107%
-0.061%
-0.061%
0.069%
0.069%
0.122%
0.122%
0.07%
0.07%
0.06%
0.06%
0.181%
0.181%
0.285%
0.285%
0.37%
0.37%
0.63%
0.63%
0.949%
0.949%
0.436%
0.436%
0.679%
0.679%
0.337%
0.337%
0.55%
0.55%
-0.361%
-0.361%
-0.399%
-0.399%
-0.403%
-0.403%
-0.401%
-0.401%
-0.42%
-0.42%
-0.407%
-0.407%
-0.395%
-0.395%
-0.334%
-0.334%
-0.326%
-0.326%
-0.337%
-0.337%
-0.352%
-0.352%
-0.351%
-0.351%
-0.304%
-0.304%
-0.239%
-0.239%
-0.226%
-0.226%
-0.247%
-0.247%
-0.25%
-0.25%
-0.196%
-0.196%
-0.217%
-0.217%
-0.238%
-0.238%
-0.175%
-0.175%
-0.19%
-0.19%
-0.176%
-0.176%
-0.122%
-0.122%
-0.14%
-0.14%
-0.081%
-0.081%
-0.068%
-0.068%
-0.032%
-0.032%
-0.074%
-0.074%
-0.003%
-0.003%
-0.03%
-0.03%
0.023%
0.023%
0.028%
0.028%
0.011%
0.011%
0.124%