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MILAN, Oct 2 - Italy will launch its second BTP Valore bond reserved for retail investors on Monday as it seeks to boost domestic holdings of its debt.
The government is trying to lure small savers frustrated by low-yielding bank accounts and seeking higher returns for their cash in the face of rising inflation and interest rates. The note's"final, total yield to maturity is substantially higher compared with 5-yr BTP bond yields ," said Antonio Cesarano, Chief Global Strategist at Intermonte.The BTP Valore offer comes as Italy is under growing market scrutiny, with Prime Minister Giorgia Meloni preparing a difficult 2024 budget and investors dismayed by recent government moves affecting sectors from banks to airlines.
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