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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly 10-Year BTP Short Term Auction climbed to 3.1% in March 2023
FMPMonthlyReleased March 2023
Italy 10-Year BTP Short Term Auction climbed to 3.1% in March 2023, up 0.07% from February's 3.03% reading.
Latest Release
3.100000
Actual
—
Consensus
3.030000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
10-Year BTP Short Term Auction (Italy) was reported at 3.1% in March 2023. The reading rose from the previous value of 3.03%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (Jun 26) and Consumer Confidence (Jun 26).
Auto-generated from current model state · Refreshes on each release · Last update March 2023.
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10-Year BTP Short Term Auction - IT
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About 10-Year BTP Short Term Auction — Italy
DEFINITION
The 10-Year BTP Short Term Auction is a financial indicator that measures the demand for Italian government bonds with a maturity of 10 years or less. This auction provides insight into the current market sentiment towards Italian debt and can be used to assess the country's borrowing costs and overall economic stability. Investors and analysts closely monitor this indicator as it can impact the performance of the Italian economy and financial markets.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2023): actual 3.1 %. Prior reading (Feb 2023): 3.67 %. Before that (Jan 2023): 3.03 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print. Current dynamics are the primary tailwind in the projection.