BTP, BOT ed emissioni retail in euro
Italia — BTP
Italian 10-year BTP (Maastricht): 3.99% al August 2026 · ECB IRS long-term rate. Metodologia
I titoli di Stato italiani comprendono i BOT, i BTP a cedola, BTP Italia (inflazione domestica, pensato per il retail), BTP Valore (retail con possibili extra di fedeltà) e BTP€i (legati all'HICP). Sono crediti in euro sulla Repubblica Italiana, non una storia di valuta distinta.
Il termometro di stress del mercato è lo spread BTP–Bund, non il rendimento BTP da solo. Mostriamo il tasso lungo Maastricht dell'ECB per l'Italia, un print ufficiale mensile, etichettato come tale.
MOT è la borsa che usano molte famiglie italiane. I bonus di fedeltà delle emissioni Valore o Italia sono definiti dal prospetto; di solito non si applicano se acquisti dopo sul mercato secondario.
- 1What Are Italian BTPs?Buoni del Tesoro Poliennali are Italy’s coupon government bonds — the core of the BTP market.
- 2BTP vs BOT: What's the Difference?BOTs are Italian T-bills (zero coupon, short). BTPs are longer coupon bonds. Duration and income differ.
- 3How to Buy Italian Government BondsItalian residents can use banks and the MOT market; non-residents use brokers and euro bond platforms. BTP Valore has dedicated retail windows.
- 4BTP Italia ExplainedBTP Italia is an inflation-linked bond aimed partly at households, indexed to Italian FOI inflation (ex-tobacco).
- 5BTP Valore ExplainedBTP Valore is a retail-focused fixed-rate (or step-up) BTP with possible loyalty coupons for holders to maturity.
- 6Italian Government Bond Yields ExplainedBTP yields embed euro rates plus an Italy spread. The 10-year BTP–Bund spread is the headline risk metric.
- 7How BTP Coupon Payments WorkStandard BTPs pay semi-annual coupons. Accrued interest on MOT trades follows European government-bond conventions.
- 8BTPs vs UK GiltsEuro credit-spread bonds versus sterling sovereigns. Currency usually dominates unless you hedge.
- 9BTPs vs German BundsSame currency, different spreads. This is the cleanest euro-area sovereign comparison.
- 10Are Italian Government Bonds Safe?BTPs are mainstream euro government bonds with more spread volatility than bunds. Safety depends on your horizon and currency.