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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly 7-Year BTP Auction fell to 2.89% in July 2026
FMPMonthlyReleased July 2026
Italy 7-Year BTP Auction fell to 2.89% in July 2026, down 0.61% from June's 3.5% reading.
Latest Release
2.890000
Actual
—
Consensus
3.500000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▼ Inverse | −0.55 | INDEX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.43 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.34 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.31 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
7-Year BTP Auction (Italy) was reported at 2.89% in July 2026. The reading fell from the previous value of 3.5%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 3.14%, ranging from 2.76% to 3.55% across 8 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.31%, up from the prior three at 3.12%. Volatility over the past year (σ 0.27%) is higher than the prior year (σ 0.15%). In July readings over the past 3 years, 7-Year BTP Auction has averaged 3.28%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with FTSE 100 (Bearish FTSE 100). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for September 10, 2026. Same-country events in the next 14 days include Industrial Production MoM (Sep 10) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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7-Year BTP Auction - IT
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About 7-Year BTP Auction — Italy
DEFINITION
The 7-Year BTP Auction is a financial indicator that measures the demand and interest for Italian government bonds with a maturity of 7 years. This auction is conducted by the Italian Treasury to raise funds for the government and is closely monitored by investors and analysts as a gauge of market sentiment towards the country's economy and financial stability. The results of the auction can impact the yield and pricing of Italian bonds, providing valuable insights for investors and policymakers.
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 (Jul 2026): actual 2.89 %. Prior reading (Jul 2026): 3.5 %. Before that (May 2026): 3.55 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bearish FTSE 100, r=-0.55) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - IT Events
| Thursday, September 10, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | IT | Industrial Production MoM | -1 | 0.3 | 0.30 | Medium | |
| 08:00 | IT | Industrial Production YoY | -0.6 | -0.6 | -0.60 | Low | |