Extend and fund, Italy edition

Ahead of the announcement of details for next week’s Italian Treasury auctions later on Wednesday, a reminder that the debut of the 7 year Italian BTP may be worth keeping an eye on.

Launched in October, sales have been by syndication so far, so it will be the first auction for the maturity. Details of size will be out tonight. But in advance of that, Barclays note a small technical positive on the timing.