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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly 50-Year BTP Auction fell to 3.96% in April 2024
FMPMonthlyReleased May 2024
Italy 50-Year BTP Auction fell to 3.96% in April 2024, released May 2024, down 0.24% from March's 4.2% reading.
Latest Release
3.960000
Actual
—
Consensus
4.200000
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
50-Year BTP Auction (Italy) was reported at 3.96% in May 2024. The reading fell from the previous value of 4.2%.
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 May 2024.
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50-Year BTP Auction - IT
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About 50-Year BTP Auction — Italy
DEFINITION
The 50-Year BTP Auction is a financial indicator that measures the demand for Italian government bonds with a maturity of 50 years. It is a key event in the bond market, providing insight into investor confidence in the long-term stability of the Italian economy. The auction results can impact interest rates and the overall cost of borrowing for the Italian government, making it an important indicator for financial analysts and investors.
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 (May 2024): actual 3.96 %. Prior reading (Mar 2023): 4.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary tailwind in the projection.
Σ
EXPECTED ZONE
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