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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly BTP Index-Linked Auction fell to 1.51% in October 2024
FMPMonthlyReleased November 2024
Italy BTP Index-Linked Auction fell to 1.51% in October 2024, released November 2024, down 0.3% from September's 1.81% reading.
Latest Release
1.510000
Actual
—
Consensus
1.810000
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BTP Index-Linked Auction (Italy) was reported at 1.51% in November 2024. The reading fell from the previous value of 1.81%.
WHY IT MATTERS
The trailing three releases averaged 1.5%, down from the prior three at 1.67%.
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).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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BTP Index-Linked Auction - IT
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About BTP Index-Linked Auction — Italy
DEFINITION
The BTP Index-Linked Auction is a financial indicator used to measure the performance of Italian government bonds that are linked to inflation. This auction allows investors to purchase these bonds at a fixed interest rate, with the principal amount adjusted based on changes in the consumer price index. The BTP Index-Linked Auction provides valuable insight into the current state of inflation in Italy and can help inform investment decisions.
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 (Nov 2024): actual 1.51 %. Prior reading (Oct 2024): 1.81 %. Before that (Sep 2024): 1.17 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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.
Σ
EXPECTED ZONE
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