{"id":86038,"date":"2023-09-12T16:00:46","date_gmt":"2023-09-12T14:00:46","guid":{"rendered":"https:\/\/www.we-wealth.com\/?post_type=news&p=86038"},"modified":"2024-03-14T13:18:58","modified_gmt":"2024-03-14T12:18:58","slug":"come-investire-in-btp-da-qui-fino-a-fine-anno","status":"publish","type":"news","link":"https:\/\/wp.we-wealth.com\/en\/news\/come-investire-in-btp-da-qui-fino-a-fine-anno","title":{"rendered":"How to Invest in Italian Government Bonds (BTPs) from Now Until Year-End"},"content":{"rendered":"
\n

These securities can offer attractive yields above 3%.<\/p>\n

The BTP Italia, due to its various coupon maturities, has its own base inflation index<\/p>\n<\/div>\n

Between BTP auctions and special issuances like the BTP Italia (nineteenth edition), there is always significant interest in our country’s debt. But what’s enticing in the market? Currently, experts are looking at short-term maturities, which still offer compelling yields above 3%, but they caution against the risks and uncertainties related to inflation and economic growth.<\/p>\n

Understanding where to invest is crucial, just as determining whether our investment goal is liquidity, inflation protection, coupon income, or yield at maturity. These priorities guide a financial advisor in selecting issuances tailored to our portfolio.<\/p>\n

Upcoming Events<\/h2>\n

So, what are the upcoming events from now until year-end? The BTP auction calendar for August 2023 has undergone significant changes. In a communication issued by the Ministry of Economy and Finance (MEF) on July 24, the cancellation of two auctions was decided. Therefore, in August, there will only be one BTP auction: on August 30, for medium and long-term bonds.<\/p>\n

As for the autumn calendar, here are the dates to consider:<\/p>\n

September<\/strong>
\nSeptember 12: BOT Auction
\nSeptember 13: Medium-Long Term Auction
\nSeptember 26: BTP Short – BTP€i Auction
\nSeptember 27: BOT Auction
\nSeptember 29: Medium-Long Term Auction
\nOctober<\/strong>
\nOctober 11: BOT Auction
\nOctober 12: Medium-Long Term Auction
\nOctober 25: BTP Short – BTP€i Auction
\nOctober 26: BOT Auction
\nOctober 31: Medium-Long Term Auction
\nNovember<\/strong>
\nNovember 9: BOT Auction
\nNovember 10: Medium-Long Term Auction
\nNovember 24: BTP Short – BTP€i Auction
\nNovember 28: BOT Auction
\nNovember 29: Medium-Long Term Auction
\nDecember<\/strong>
\nDecember 12: BOT Auction
\nDecember 13: Medium-Long Term Auction
\nDecember 27: BOT – BTP Short Auction
\nDecember 28: Medium-Long Term Auction<\/p>\n

Long or Short? It Depends on the Security<\/h2>\n

If we choose to bet on BTPs, analysts recommend a long-term perspective.
\nWhat about BTP Italia? This ultra-protective buy-and-hold security has been a reliable choice over the past year. For this security, it’s best to go short and gradually switch from one maturity to the next, provided that inflation trends make it advantageous. It’s worth noting that each BTP Italia, due to its various coupon maturities, has its own base inflation index, resulting in different indexation coefficients for each security.
\nAn alternative to immediately investing 100% in BTPs is to divide the long-term portion, specifically the BTP 2040, into three portions: the first at the current price and the other two in case of possible further price declines. This can serve as a long-term protective tool. On the other hand, BTP€i offers a fixed interest rate while still accumulating inflation on the principal.<\/p>\n

At Maturity and Before<\/h2>\n

For an investor who has purchased BTPs with the intention of holding them until maturity, the only tangible risk is credit risk (or issuer risk), which occurs when the Treasury defaults on coupon payments or capital repayment. This is a very rare scenario.
\nHowever, those who have invested in BTPs with the intention of selling them before maturity may also encounter market risk. Upswings in yields could cause the BTP’s price to fall below its auction or secondary market purchase price, resulting in a loss for the investor.<\/p>\n","protected":false},"excerpt":{"rendered":"

From BTPs to inflation-linked securities, exploring investment opportunities in the “State” asset class amidst credit and market risks.<\/p>\n","protected":false},"author":1,"featured_media":87023,"template":"","categories":[2253,2262],"tags":[],"collana-video":[],"class_list":["post-86038","news","type-news","status-publish","has-post-thumbnail","hentry","category-investimenti","category-outlook-e-previsioni"],"acf":[],"yoast_head":"\nHow to Invest in Italian Government Bonds (BTPs) from Now Until Year-End | WeWealth<\/title>\n<meta name=\"description\" content=\"From BTPs to inflation-linked securities, exploring investment opportunities in the "State" asset class amidst credit and market risks.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Invest in Italian 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