Italian bond issues up €23.2 billion in May, yields fall in June

In May, resident sectors recorded net issues of €23.2 billion.

General government net issues were positive at €10.3 billion, with BTPs, CCTs, and BOTs contributing positively (€5.6, €4.5, and €0.5 billion, respectively), while international securities contributed negatively (-€0.2 billion).

Banks recorded net issues of €6.7 billion.

The net issues of the remaining sectors were positive at €6.2 billion, with non-financial corporations, other financial intermediaries, and insurance corporations contributing €7.9, -€1.2, and -€0.5 billion, respectively.

In June, gross yields to maturity on 3-year, 10-year, and 30-year benchmark BTPs decreased by 2, 11, and 8 basis points to 2.90, 3.73, and 4.53 percent, respectively.

The gross yield on benchmark CCTs decreased by 1 basis point, to 3.24 percent.

Starting with the May 2026 publication, the Banca d'Italia's Statistical Database (BDS) now includes table SHI0100, which presents quarterly data on securities held by resident institutional sectors.

This new data is available from the accounting date of December 2021 and is compiled from reports collected by the Bank of Italy for Eurosystem statistics on securities holders.

The publication also provides general information regarding data computation by the Bank of Italy, symbols and conventions used in the tables, and alphanumeric codes for accessing detailed information in the electronic database.