Government Securities and Public Debt Outstanding

Introduction sectionGovernment Securities and Public Debt Outstanding

Government Securities and Public Debt Outstanding

Statistical processing of data regarding the issuance of Government securities.

[AVERAGE YIELD OF GOVERNMENT SECURITIES AT ISSUANCE]
The graph shows the trend of the weighted average interest rate of domestic government securities, calculated on the basis of the gross yields on the issue of the securities issued in the single year.Between 2021 and 2022, the value went from 0.10% to 0.42%.
[DEBT STRUCTURE EVOLUTION AND AVERAGE LIFE]
The graph shows the evolution of the structure of public debt. The left vertical axis (expressed as a percentage) shows the composition in terms of floating-rate, fixed-rate and indexed issuances, while the right vertical axis (expressed in years and fractions of a year) shows the average life of government securities. The reference years are shown on the horizontal axis, from 31.12.1993 to 31.03.2022.
Between 2021 and 2022, fixed-rate securities went from 76.92% to 76.72%, floating-rate securities from 11.94% to 11.90% and index-linked securities from 11.14% to 11.38%. The average life went from 7.11 to 7.02 years.
[CENTRAL GOVERNMENT DEBT BREAKDOWN BY INSTRUMENT]
The graph shows the composition of outstanding government securities as of 31.03.2022. BTP represent 72.97% of the total, followed by indexed BTP with 7.66%, CCTeu with 6.85%, BOT with 4.89%, BTP Italia with 3.46%, CTZ with 1.23%, foreign currency securities with 2.05%, and lastly, BTP Futura with 0.90%.

Slider riguardo le statistiche sul debito italiano

Results of the latest Government Security auctions

(million €, including reopenings for specialist dealers)

BTP

30 YEARS OFF THE RUN
1-Mar-48
  • Auction held on
    12-May-22
  • Issued
    1,000
  • Requested
    1,818
  • Gross yield
    3.06%

BTP

7 years
15-Jun-29
  • Auction held on
    12-May-22
  • Issued
    3,750
  • Requested
    5,707
  • Gross yield
    2.39%

BTP

3 years
15-Aug-25
  • Auction held on
    12-May-22
  • Issued
    2,000
  • Requested
    3,949
  • Gross yield
    1.53%

BOT

364 DAYS
12-May-23
  • Auction held on
    11-May-22
  • Issued
    6,796
  • Requested
    10,032
  • Gross yield
    0.121%

CCTeu

8 years
15-Oct-30
  • Auction held on
    29-Apr-22
  • Issued
    1,500
  • Requested
    2,644
  • Gross yield
    0.50%

BTP

5 years
1-Dec-32
  • Auction held on
    29-Apr-22
  • Issued
    4,000
  • Requested
    5,348
  • Gross yield
    2.78%

BTP

5 years
1-Apr-27
  • Auction held on
    29-Apr-22
  • Issued
    2,500
  • Requested
    3,723
  • Gross yield
    1.91%

BOT

185 days
31-Oct-22
  • Auction held on
    27-Apr-22
  • Issued
    5,500
  • Requested
    8,356
  • Gross yield
    -0.308%

BTP€i

5 years
15-May-26
  • Auction held on
    26-Apr-22
  • Issued
    1,150
  • Requested
    1,796
  • Gross yield
    -1,52%

BTP Short Term

2 years
29-Nov-23
  • Auction held on
    26-Apr-22
  • Issued
    3,300
  • Requested
    5,184
  • Gross yield
    0.48%

BOT

365 DAYS
14-Apr-23
  • Auction held on
    14-Apr-22
  • Issued
    7,150
  • Requested
    10,504
  • Gross yield
    -0.105%

BTP

30 years
1-Sep-52
  • Auction held on
    13-Apr-22
  • Issued
    1,200
  • Requested
    2,290
  • Gross yield
    2.89%

BTP

20 YEARS OFF THE RUN
1-Mar-40
  • Auction held on
    13-Apr-22
  • Issued
    900
  • Requested
    1,823
  • Gross yield
    2.69%

BTP

10 YEARS OFF THE RUN
1-Aug-29
  • Auction held on
    13-Apr-22
  • Issued
    1,200
  • Requested
    2,592
  • Gross yield
    2.04%

BTP

7 years
15-Feb-29
  • Auction held on
    13-Apr-22
  • Issued
    1,800
  • Requested
    2,836
  • Gross yield
    2.04%

BTP

3 years
15-Aug-25
  • Auction held on
    13-Apr-22
  • Issued
    4,875
  • Requested
    9,166
  • Gross yield
    1.32%

BTP

10 years
1-Jun-32
  • Auction held on
    30-Mar-22
  • Issued
    4,200
  • Requested
    6,693
  • Gross yield
    2.14%

BTP

5 years
1-Apr-27
  • Auction held on
    30-Mar-22
  • Issued
    3,600
  • Requested
    6,046
  • Gross yield
    1.46%

BOT

183 days
30-Sep-22
  • Auction held on
    29-Mar-22
  • Issued
    5,000
  • Requested
    7,369
  • Gross yield
    -0.488%

BTP€i

10 years
15-May-33
  • Auction held on
    25-Mar-22
  • Issued
    1,500
  • Requested
    1,972
  • Gross yield
    -0.29%

BTP Short Term

2 years
29-Nov-23
  • Auction held on
    25-Mar-22
  • Issued
    2,000
  • Requested
    3,465
  • Gross yield
    0.14%

CCTeu

7 years
15-Oct-30
  • Auction held on
    23-Mar-22
  • Issued
    5,000
  • Requested
    10,741
  • Gross yield
    0,39%

BTP

15 years
1-Mar-37
  • Auction held on
    11-Mar-22
  • Issued
    2,000
  • Requested
    2,749
  • Gross yield
    2.11%

BTP

7 years
15-Feb-29
  • Auction held on
    11-Mar-22
  • Issued
    3,000
  • Requested
    4,159
  • Gross yield
    1.47%

BTP

3 years
15-Dec-24
  • Auction held on
    11-Mar-22
  • Issued
    2,750
  • Requested
    4,182
  • Gross yield
    0.57%

BOT

365 days
14-Mar-23
  • Auction held on
    10-Mar-22
  • Issued
    6,000
  • Requested
    9,119
  • Gross yield
    -0.436%

CCTeu

6 YEARS
15-Apr-26
  • Auction held on
    25-Feb-22
  • Issued
    1,438
  • Requested
    2,722
  • Gross yield
    -0.10%

BTP

10 YEARS
1-Jun-32
  • Auction held on
    25-Feb-22
  • Issued
    3,600
  • Requested
    5,340
  • Gross yield
    1.81%

BTP

5 YEARS
1-Apr-27
  • Auction held on
    25-Feb-22
  • Issued
    5,200
  • Requested
    7,534
  • Gross yield
    1.07%

BOT

184 DAYS
31-Aug-22
  • Auction held on
    24-Feb-22
  • Issued
    6,050
  • Requested
    9,770
  • Gross yield
    -0.484%

BTP Short Term

2 YEARS
29-Nov-23
  • Auction held on
    23-Feb-22
  • Issued
    3,600
  • Requested
    5,631
  • Gross yield
    0.14%

BTP

20 YEARS
1-Mar-41
  • Auction held on
    11-Feb-22
  • Issued
    2,100
  • Requested
    3,155
  • Gross yield
    2.30%

BTP

4 YEARS
15-Feb-29
  • Auction held on
    11-Feb-22
  • Issued
    3,600
  • Requested
    5,037
  • Gross yield
    1.52%

BTP

3 YEARS
15-Dec-24
  • Auction held on
    11-Feb-22
  • Issued
    3,600
  • Requested
    6,670
  • Gross yield
    0.69%

BOT

365 DAYS
14-Feb-23
  • Auction held on
    10-Feb-22
  • Issued
    7,150
  • Requested
    11,939
  • Gross yield
    -0.324%

BTP€i

10 YEARS
15-May-33
  • Auction held on
    02-Feb-22
  • Issued
    5,000
  • Requested
    18,777
  • Gross yield
    -0.14%

CCTeu

7 YEARS
15-Apr-29
  • Auction held on
    28-Jan-22
  • Issued
    1,725
  • Requested
    3,538
  • Gross yield
    0.08%

BTP

10 YEARS
1-Jun-32
  • Auction held on
    28-Jan-22
  • Issued
    4,200
  • Requested
    5,834
  • Gross yield
    1.39%

BTP

5 YEARS
1-Aug-26
  • Auction held on
    28-Jan-22
  • Issued
    3,209
  • Requested
    4,812
  • Gross yield
    0.50%

BOT

179 DAYS
29-Jul-22
  • Auction held on
    27-Jan-22
  • Issued
    6,385
  • Requested
    8,909
  • Gross yield
    -0.488%

BTP€i

30 YEARS OFF THE RUN
15-Sep-41
  • Auction held on
    26-Jan-22
  • Issued
    471
  • Requested
    998
  • Gross yield
    0.04%

BTP€i

5 YEARS
15-May-26
  • Auction held on
    26-Jan-22
  • Issued
    679
  • Requested
    1,652
  • Gross yield
    -1.18%

BTP Short Term

2 YEARS
29-Nov-23
  • Auction held on
    26-Jan-22
  • Issued
    3,750
  • Requested
    5,301
  • Gross yield
    -0.13%

BTP

7 YEARS
15-Feb-29
  • Auction held on
    13-Jan-22
  • Issued
    4,200
  • Requested
    6,418
  • Gross yield
    0.89%

BTP

3 YEARS
15-Dec-24
  • Auction held on
    13-Jan-22
  • Issued
    3,948
  • Requested
    5,293
  • Gross yield
    0.14%

BOT

364 DAYS
13-Jan-23
  • Auction held on
    12-Jan-22
  • Issued
    7,150
  • Requested
    9,826
  • Gross yield
    -0.444%

BTP

30 YEARS
1-Sep-52
  • Auction held on
    5-Jan-22
  • Issued
    7,000
  • Requested
    55,987
  • Gross yield
    2.16%

BTP

3 YEARS
15-Dec-24
  • Auction held on
    14-Dec-21
  • Issued
    3,500
  • Requested
    4,234
  • Gross yield
    -0.10%

BOT

365 DAYS
14-Dec-22
  • Auction held on
    10-Dec-21
  • Issued
    6,600
  • Requested
    8,923
  • Gross yield
    -0.467%

CCTeu

7 YEARS
15-Apr-29
  • Auction held on
    30-Nov-21
  • Issued
    1,500
  • Requested
    2,230
  • Gross yield
    0.02%

BTP

10 YEARS
1-Jun-32
  • Auction held on
    30-Nov-21
  • Issued
    2,250
  • Requested
    3,303
  • Gross yield
    1.02%

BTP

5 YEARS
1-Aug-26
  • Auction held on
    30-Nov-21
  • Issued
    2,000
  • Requested
    3,030
  • Gross yield
    0.19%

BOT

182 DAYS
31-May-22
  • Auction held on
    26-Nov-21
  • Issued
    5,126
  • Requested
    7,297
  • Gross yield
    -0.563%

BTP€i

10 YEARS
15-May-30
  • Auction held on
    25-Nov-21
  • Issued
    1,150
  • Requested
    1,694
  • Gross yield
    -0.65%

BTP Short Term

2 YEARS
30-Jan-24
  • Auction held on
    25-Nov-21
  • Issued
    2,700
  • Requested
    3,916
  • Gross yield
    -0.26%

BTP

7 YEARS
15-Feb-29
  • Auction held on
    11-Nov-21
  • Issued
    3,750
  • Requested
    5,125
  • Gross yield
    0.60%

BTP

3 YEARS
15-Aug-24
  • Auction held on
    11-Nov-21
  • Issued
    2,000
  • Requested
    3,151
  • Gross yield
    -0.16%

BOT

367 DAYS
14-Nov-22
  • Auction held on
    10-Nov-21
  • Issued
    5,000
  • Requested
    7,654
  • Gross yield
    -0.533%

CCTeu

7 YEARS
15-Apr-29
  • Auction held on
    28-Oct-21
  • Issued
    1,250
  • Requested
    2,164
  • Gross yield
    -0.01%

BTP

10 YEARS
1-Jun-32
  • Auction held on
    28-Oct-21
  • Issued
    3,750
  • Requested
    5,056
  • Gross yield
    1.05%

BTP

5 YEARS
1-Aug-26
  • Auction held on
    28-Oct-21
  • Issued
    2,000
  • Requested
    3,052
  • Gross yield
    0.28%

BOT

182 DAYS
29-Apr-22
  • Auction held on
    27-Oct-21
  • Issued
    6,000
  • Requested
    7,630
  • Gross yield
    -0.550%

BTP€i

30 YEARS
15-May-51
  • Auction held on
    26-Oct-21
  • Issued
    863
  • Requested
    1,119
  • Gross yield
    -0.16%

BTP Short Term

2 YEARS
30-Jan-24
  • Auction held on
    26-Oct-21
  • Issued
    2,700
  • Requested
    4,903
  • Gross yield
    -0.23%

BTP Green

24 YEARS
30-Apr-45
  • Auction held on
    20-Oct-21
  • Issued
    5,000
  • Requested
    56,126
  • Gross yield
    1.68%

BTP

30 YEARS
1-Sep-51
  • Auction held on
    13-Oct-21
  • Issued
    1,800
  • Requested
    3,819
  • Gross yield
    1.82%

BTP

7 YEARS
15-Jul-28
  • Auction held on
    13-Oct-21
  • Issued
    2,400
  • Requested
    5,250
  • Gross yield
    0.48%

BTP

3 YEARS
15-Aug-24
  • Auction held on
    13-Oct-21
  • Issued
    3,600
  • Requested
    5,312
  • Gross yield
    -0.19%

BOT

365 DAYS
14-Oct-22
  • Auction held on
    12-Oct-21
  • Issued
    6,000
  • Requested
    7,823
  • Gross yield
    -0.474%

CCTeu

6 YEARS
15-Apr-26
  • Auction held on
    29-Sep-21
  • Issued
    2,013
  • Requested
    3,037
  • Gross yield
    -0.21%

BTP

10 YEARS
1-Dec-31
  • Auction held on
    29-Sep-21
  • Issued
    2,500
  • Requested
    4,331
  • Gross yield
    0.86%

BTP

5 YEARS
1-Aug-26
  • Auction held on
    29-Sep-21
  • Issued
    2,000
  • Requested
    3,672
  • Gross yield
    0.11%

BOT

182 DAYS
31-Mar-22
  • Auction held on
    28-Sep-21
  • Issued
    5,500
  • Requested
    7,071
  • Gross yield
    -0.545%

BTP€i

10 YEARS
15-May-30
  • Auction held on
    24-Sep-21
  • Issued
    1,000
  • Requested
    1,413
  • Gross yield
    -0.85%

BTP Short Term

2 YEARS
30-Jan-24
  • Auction held on
    24-Sep-21
  • Issued
    2,500
  • Requested
    3,948
  • Gross yield
    -0.32%

BTP

30 YEARS
1-Sep-51
  • Auction held on
    14-Sep-21
  • Issued
    2,100
  • Requested
    3,590
  • Gross yield
    1.69%

BTP

7 YEARS
15-Jul-28
  • Auction held on
    14-Sep-21
  • Issued
    2,400
  • Requested
    4,378
  • Gross yield
    0.32%

BTP

3 YEARS
15-Aug-24
  • Auction held on
    14-Sep-21
  • Issued
    2,375
  • Requested
    3,665
  • Gross yield
    -0.27%

BOT

365 DAYS
14-Sep-22
  • Auction held on
    9-Sep-21
  • Issued
    7,700
  • Requested
    11,620
  • Gross yield
    -0.477%

CCTeu

7 YEARS
15-Apr-29
  • Auction held on
    31-Aug-21
  • Issued
    2,000
  • Requested
    2,917
  • Gross yield
    0.03%

BTP

10 YEARS
1-Dec-31
  • Auction held on
    31-Aug-21
  • Issued
    3,250
  • Requested
    4,420
  • Gross yield
    0.67%

BTP

5 YEARS
1-Aug-26
  • Auction held on
    31-Aug-21
  • Issued
    2,500
  • Requested
    3,642
  • Gross yield
    -0.01%

BOT

182 DAYS
28-Feb-22
  • Auction held on
    27-Aug-21
  • Issued
    6,500
  • Requested
    8,320
  • Gross yield
    -0.519%

BTP€i

5 YEARS
15-May-26
  • Auction held on
    26-Aug-21
  • Issued
    1,150
  • Requested
    1,836
  • Gross yield
    -1.20%

BTP Short Term

2 YEARS
30-Jan-24
  • Auction held on
    26-Aug-21
  • Issued
    3,300
  • Requested
    6,340
  • Gross yield
    -0.29%

BOT

364 DAYS
12-Aug-22
  • Auction held on
    11-Aug-21
  • Issued
    7,700
  • Requested
    9,791
  • Gross yield
    -0.513%

BTP

5 YEARS
1-Aug-26
  • Auction held on
    29-Jul-21
  • Issued
    5,850
  • Requested
    8,429
  • Gross yield
    0.02%

BTP

10 YEARS
1-Dec-31
  • Auction held on
    29-Jul-21
  • Issued
    3,000
  • Requested
    3,979
  • Gross yield
    0.66%

CCTeu

7 YEARS
15-Apr-29
  • Auction held on
    29-Jul-21
  • Issued
    1,274
  • Requested
    2,344
  • Gross yield
    0.05%

BOT

185 DAYS
31-Jan-22
  • Auction held on
    28-Jul-21
  • Issued
    7,072
  • Requested
    9,085
  • Gross yield
    -0.524%

BTP Short Term

2 YEARS
31-Jan-24
  • Auction held on
    27-Jul-21
  • Issued
    4,084
  • Requested
    5,459
  • Gross yield
    -0.29%

BTP

15 YEARS
1-Mar-37
  • Auction held on
    13-Jul-21
  • Issued
    2,100
  • Requested
    4,266
  • Gross yield
    1.19%

BTP

7 YEARS
15-Jul-28
  • Auction held on
    13-Jul-21
  • Issued
    3,300
  • Requested
    6,319
  • Gross yield
    0.38%

BTP

3 YEARS
15-Aug-24
  • Auction held on
    13-Jul-21
  • Issued
    5,850
  • Requested
    8,471
  • Gross yield
    -0.19%

BOT

365 DAYS
14-Jul-22
  • Auction held on
    09-Jul-21
  • Issued
    8,250
  • Requested
    10,487
  • Gross yield
    -0.459%

BTP

10 YEARS OFF THE RUN
1-Apr-31
  • Auction held on
    30-Jun-21
  • Issued
    1,800
  • Requested
    4,375
  • Gross yield
    0.81%

BTP

10 YEARS OFF THE RUN
1-Aug-30
  • Auction held on
    30-Jun-21
  • Issued
    1,800
  • Requested
    4,359
  • Gross yield
    0.74%

BTP

5 YEARS
1-Apr-26
  • Auction held on
    30-Jun-21
  • Issued
    3,600
  • Requested
    8,068
  • Gross yield
    0.12%

BOT

184 DAYS
31-Dec-21
  • Auction held on
    28-Jun-21
  • Issued
    6,500
  • Requested
    8,766
  • Gross yield
    -0.520%

BTP€i

30 YEARS
15-May-51
  • Auction held on
    25-Jun-21
  • Issued
    1,078
  • Requested
    1,381
  • Gross yield
    0.47%

BTP Short Term

2 YEARS
29-Nov-22
  • Auction held on
    24-Jun-21
  • Issued
    2,750
  • Requested
    4,335
  • Gross yield
    -0.37%

CCTeu

7 YEARS
15-Apr-29
  • Auction held on
    24-Jun-21
  • Issued
    6,000
  • Requested
    12,198
  • Gross yield
    0.17%

BTP

20 YEARS
1-Mar-41
  • Auction held on
    10-Jun-21
  • Issued
    2,100
  • Requested
    4,735
  • Gross yield
    1.55%

BTP

7 YEARS
15-Jul-28
  • Auction held on
    10-Jun-21
  • Issued
    3,000
  • Requested
    6,883
  • Gross yield
    0.46%

BTP

3 YEARS
15-Apr-24
  • Auction held on
    10-Jun-21
  • Issued
    4,200
  • Requested
    8,722
  • Gross yield
    -0.22%

BOT

365 DAYS
14-Jun-22
  • Auction held on
    09-Jun-21
  • Issued
    7,502
  • Requested
    10,294
  • Gross yield
    -0.490%

BTP

10 YEARS
1-Dec-31
  • Auction held on
    8-Jun-21
  • Issued
    10,000
  • Requested
    67,677
  • Gross yield
    0.96%
 
 
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Latest italian Public Debt figures

Outstanding Government Securities

2,340 mld €

Average Life of the Stock for All Issuances

7.06 years

Short Term Gross Totals (BOTs)

50,385 mln €

Medium/Long Term Gross Totals

103,927 mln €

Average Life of the Government Securities' Stock

5.94 years

Average Yield on Domestic Issuances

0.54%
Estimates on Latest Data from EFD/Update Note of EFD

Public Debt as a Percentage of GDP

150.80%

Interests/Public Debt Stock

2.44%
 
 
See all statistics