Local savers for the special BTP Italia sovereign bond continue to demand for the bond, showing appetite remains high and robust. This was confirmed by Maria Cannata, the head of the Italian Treasury debt management agency last Tuesday. 

The BTP Italia bond was linked to domestic inflation and designed for domestic savers  According to Ms Cannata, the savings rates of Italian households were declining but the levels have not affected the rich. She made these remarks during a Milan conference hosted by Euromoney.

The Treasury expected to sell another batch of BP Italia shares for November with past offers raising huge amounts for the state treasury. The largest one was for EUR17 billion or USD23 billion issue it did last April.

Cannata further added that her economic ream is considering the launch of a seven year Buoni del Tesoro Poliennali. This is the local term for Italian government bonds. The team is still undecided over the timing.