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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly BTP Short Term Auction climbed to 1.9% in January 2025
FMPMonthlyReleased January 2025
Italy BTP Short Term Auction climbed to 1.9% in January 2025, up 0.39% from December's 1.51% reading.
Latest Release
1.900000
Actual
—
Consensus
1.510000
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
BTP Short Term Auction (Italy) was reported at 1.9% in January 2025. The reading rose from the previous value of 1.51%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 2.31%, down from the prior three at 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 (May 28) and Consumer Confidence (May 28).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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BTP Short Term Auction - IT
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About BTP Short Term Auction — Italy
DEFINITION
The BTP Short Term Auction is a financial indicator that measures the demand for short-term Italian government bonds, known as BTPs. This auction provides insight into the current market sentiment towards Italian debt and can impact interest rates and borrowing costs for the government. It is closely monitored by investors and analysts as a key indicator of the country's economic stability and creditworthiness.
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 (Jan 2025): actual 1.9 %. Prior reading (Nov 2024): 2.47 %. Before that (Oct 2024): 2.56 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.