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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Index-Linked BTP Auction climbed to 2.24% in September 2023
FMPMonthlyReleased October 2023
Italy Index-Linked BTP Auction climbed to 2.24% in September 2023, released October 2023, up 0.19% from August's 2.05% reading.
Latest Release
2.240000
Actual
—
Consensus
2.050000
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
Index-Linked BTP Auction (Italy) was reported at 2.24% in October 2023. The reading rose from the previous value of 2.05%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
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 October 2023.
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Index-Linked BTP Auction - IT
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About Index-Linked BTP Auction — Italy
DEFINITION
The Index-Linked BTP Auction is a financial indicator used to measure the demand for Italian government bonds that are linked to the country's inflation rate. This auction allows investors to purchase bonds that provide protection against inflation, as the bond's principal and interest payments are adjusted based on changes in the consumer price index. The results of this auction can provide insights into market sentiment towards Italy's economy and inflation expectations.
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 (Oct 2023): actual 2.24 %. Prior reading (Sep 2023): 2.05 %. Before that (Jul 2023): 1.86 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection.