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 2023 and 2024, the value went from 3.76% to 3.57%.
[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 31.03.2024.Between 2022 and 2023, fixed-rate securities went from 78.05% to 78.34%, floating-rate securities from 11.08% to 10.63% and index-linked securities from 10.87% to 11.03%. The average life went from 6.97 to 7.01 years.

[CENTRAL GOVERNMENT DEBT BREAKDOWN BY INSTRUMENT]

The graph shows the composition of outstanding government securities as of 31.03.2024. BTP represent 72.35% of the total, followed by indexed BTP with 7.60%, CCTeu with 5.32%, BOT with 5.15%, BTP Italia with 3.18%, BTP Valore 2.20%, foreign currency securities with 1.85%, BTP Green with 1.50%  and lastly BTP Futura with 0.85%.

Slider riguardo le statistiche sul debito italiano

Results of the latest Government Security auctions

(million €, including reopenings for specialist dealers)

BTP

3 YEARS
15-Feb-27
  • Auction held on
    11-Apr-24
  • Issued
    3,600
  • Requested
    6,532
  • Yield
    3.32%

BTP

7 YEARS
15-Feb-31
  • Auction held on
    11-Apr-24
  • Issued
    4,200
  • Requested
    6,538
  • Yield
    3.53%

BTP

15 YEARS
1-Oct-39
  • Auction held on
    11-Apr-24
  • Issued
    2,100
  • Requested
    3,837
  • Yield
    4.16%

BOT

367 DAYS
14-Apr-25
  • Auction held on
    10-Apr-24
  • Issued
    8,000
  • Requested
    10,641
  • Yield
    3.533%

BTP

7 YEARS OTR
15-Dec-29
  • Auction held on
    27-Mar-24
  • Issued
    1,250
  • Requested
    2,127
  • Yield
    3.24%

CCTeu

7 YEARS
15-Oct-31
  • Auction held on
    27-Mar-24
  • Issued
    1,500
  • Requested
    2,637
  • Yield
    5.10%

BTP

10 YEARS
1-Jul-34
  • Auction held on
    27-Mar-24
  • Issued
    3,500
  • Requested
    4,860
  • Yield
    3.67%

BTP

5 YEARS
1-Jul-29
  • Auction held on
    27-Mar-24
  • Issued
    3,500
  • Requested
    4,968
  • Yield
    3.21%

BOT

366 DAYS R
14-Jun-24
  • Auction held on
    26-Mar-24
  • Issued
    1,650
  • Requested
    3,331
  • Yield
    3.738%

BOT

186 DAYS
26-Mar-24
  • Auction held on
    26-Mar-24
  • Issued
    7,700
  • Requested
    10,645
  • Yield
    3.765%

BTP ST

2 years
28-Jan-26
  • Auction held on
    22-Mar-24
  • Issued
    2,750
  • Requested
    4,005
  • Yield
    3.31%

BTP€i

10 years
15-May-36
  • Auction held on
    19-Mar-24
  • Issued
    5,000
  • Requested
    41,888
  • Yield
    1.83%

BTP

3 YEARS
15-Feb-27
  • Auction held on
    13-Mar-24
  • Issued
    3,000
  • Requested
    4,165
  • Yield
    3.06%

BTP

7 YEARS
15-Feb-31
  • Auction held on
    13-Mar-24
  • Issued
    3,000
  • Requested
    4,243
  • Yield
    3.31%

BTP

15 YEARS OTR
1-Mar-38
  • Auction held on
    13-Mar-24
  • Issued
    1,250
  • Requested
    2,015
  • Yield
    3.85%

BTP GREEN

9 YEARS
30-Oct-31
  • Auction held on
    13-Mar-24
  • Issued
    1,250
  • Requested
    1,995
  • Yield
    3.30%

BOT

365 DAYS
14-Mar-25
  • Auction held on
    12-Mar-24
  • Issued
    7,500
  • Requested
    9,985
  • Yield
    3.546%

BTP

5 YEARS
1-Jul-29
  • Auction held on
    28-Feb-24
  • Issued
    3,750
  • Requested
    5,268
  • Yield
    3.41%

BTP

10 YEARS
1-Jul-34
  • Auction held on
    28-Feb-24
  • Issued
    4,822
  • Requested
    6,429
  • Yield
    3.91%

CCTEU

8 YEARS
15-Oct-31
  • Auction held on
    28-Feb-24
  • Issued
    1,500
  • Requested
    2,604
  • Yield
    5.20%

BOT

365 DAYS R
13-Sep-24
  • Auction held on
    27-Feb-24
  • Issued
    2,750
  • Requested
    4,453
  • Yield
    3.769%

BOT

367 DAYS R
14-Oct-24
  • Auction held on
    27-Feb-24
  • Issued
    2,750
  • Requested
    4,338
  • Yield
    3.750%

BTP ST

2 years
28-Jan-26
  • Auction held on
    23-Feb-24
  • Issued
    5,200
  • Requested
    8,293
  • Yield
    3.41%

CCTeu

5 years
15-May-29
  • Auction held on
    23-Feb-24
  • Issued
    1,150
  • Requested
    2,318
  • Yield
    1.73%

BTP€I

30 years OTR
15-Sep-41
  • Auction held on
    23-Feb-24
  • Issued
    575
  • Requested
    1,261
  • Yield
    2.19%

BTP

20 years
1-Sep-43
  • Auction held on
    13-Feb-24
  • Issued
    1,500
  • Requested
    2,261
  • Yield
    4.38%

BTP

7 years OTR
15-Nov-30
  • Auction held on
    13-Feb-24
  • Issued
    2,000
  • Requested
    3,090
  • Yield
    3.53%

BTP

7 years OTR
15-Jun-30
  • Auction held on
    13-Feb-24
  • Issued
    1,500
  • Requested
    2,571
  • Yield
    3.48%

BTP

3 years
15-Feb-27
  • Auction held on
    13-Feb-24
  • Issued
    3,500
  • Requested
    4,852
  • Yield
    3.15%

BOT

366 days
14-Feb-25
  • Auction held on
    9-Feb-24
  • Issued
    9,900
  • Requested
    13,603
  • Yield
    3.522%

BTP

15 years
1-Oct-39
  • Auction held on
    31-Jan-24
  • Issued
    10,000
  • Requested
    77,153
  • Yield
    4.220%

CCTeu

8 years
15-Oct-31
  • Auction held on
    30-Jan-24
  • Issued
    2,000
  • Requested
    3,009
  • Yield
    5.23%

BTP

15 years OTR
1-Mar-35
  • Auction held on
    30-Jan-24
  • Issued
    2,000
  • Requested
    3,250
  • Yield
    3.85%

BTP

10 years OTR
1-Nov-33
  • Auction held on
    30-Jan-24
  • Issued
    1,500
  • Requested
    2,519
  • Yield
    3.69%

BTP

5 years
1-Feb-29
  • Auction held on
    30-Jan-24
  • Issued
    3,500
  • Requested
    4,741
  • Yield
    3.14%

BOT

182 days
31-Jul-24
  • Auction held on
    26-Jan-24
  • Issued
    8,250
  • Requested
    12,470
  • Yield
    3.770%

BTP ST

2 years
29-Sep-25
  • Auction held on
    25-Jan-24
  • Issued
    3,000
  • Requested
    5,211
  • Yield
    3.21%

BTP€i

5 years
15-May-29
  • Auction held on
    25-Jan-24
  • Issued
    1,150
  • Requested
    2,543
  • Yield
    1.61%

BTP€i

15 years
15-May-39
  • Auction held on
    25-Jan-24
  • Issued
    1,725
  • Requested
    3,370
  • Yield
    2.32%

BTP

3 years
15-Feb-27
  • Auction held on
    11-Jan-24
  • Issued
    5,200
  • Requested
    8,175
  • Yield
    3.03%

BOT

368 days
14-Jan-25
  • Auction held on
    10-Jan-24
  • Issued
    8,000
  • Requested
    10,783
  • Yield
    3.442%

BTP

30 years
1-Oct-53
  • Auction held on
    09-Jan-24
  • Issued
    5,000
  • Requested
    82,356
  • Yield
    4.515%

BTP

7 years
15-Feb-31
  • Auction held on
    09-Jan-24
  • Issued
    10,000
  • Requested
    74,478
  • Yield
    3.548%
 
 
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Latest italian Public Debt figures

Outstanding Government Securities

2,436 mld €

Average Life of the Stock for All Issuances

7.01 years

Short Term Gross Totals (BOTs)

48,500 mln €

Medium/Long Term Gross Totals

112,138 mln €

Average Life of the Government Securities' Stock

6.11 years

Average Yield on Domestic Issuances

3.57%
Estimates on Latest Data from EFD/Update Note of EFD

Public Debt as a Percentage of GDP

137.30%

Interests/Public Debt Stock

2.85%
 
 
See all statistics