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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly 17-Year BTP Auction climbed to 4.74% in August 2023
FMPMonthlyReleased September 2023
Italy 17-Year BTP Auction climbed to 4.74% in August 2023, released September 2023, up 0.07% from July's 4.67% reading.
Latest Release
4.740000
Actual
—
Consensus
4.670000
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
17-Year BTP Auction (Italy) was reported at 4.74% in August 2023. The reading rose from the previous value of 4.67%.
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 (May 28) and Consumer Confidence (May 28).
Auto-generated from current model state · Refreshes on each release · Last update September 2023.
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17-Year BTP Auction - IT
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About 17-Year BTP Auction — Italy
DEFINITION
The 17-Year BTP Auction is a financial indicator that measures the demand and interest for Italian government bonds with a maturity of 17 years. It is an important event in the financial market as it provides insight into the confidence of investors in the long-term stability and creditworthiness of the Italian government. The auction results can impact the borrowing costs for the government and can also reflect the overall economic sentiment towards Italy. This indicator is closely monitored by investors, analysts, and policymakers as it can provide valuable information about the country's financial health and future economic prospects.
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 (Sep 2023): actual 4.74 %.
Σ
EXPECTED ZONE
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