Two weeks ago, Italy completed the sale of €22.297bn in government debt (BTPs Italia 🇮🇹), breaking the previous record set in November 2013, when €22.271bn were raised
1/8 There are tree main reasons behind the record issuance:
1⃣ attractive financial terms;
2⃣ Merkel-Macron plan announced with perfect timing (2nd day of placement);
3⃣ the impact nature of the issuance (expressively COVID-related).
2/8