Apr 08, 2026
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Read the article on Sky Btp and Bot, April 2026 government bond auction calendar: dates and what to know
BTP and BOT, government bond auction calendar in April 2026: dates and what to know
There are several dates foreseen by the Ministry of Economy and Finance for the issuance of Italian government bonds in 2026. For the month of April, the program identifies some operational windows, including auctions involving short-term bonds and those with longer durations.Here's what you need to know.
What you need to know
From April 2026
The auction of Italian government bonds, managed by the Ministry of Treasury in cooperation with the Bank of Italy, is scheduled this month according to the following calendar:
- 9. aprill: see on BOT
- April 10: Auction of medium term securities
- April 24: Asta BTP Short – BTP€i
- April 28: Boat Channel
- April 29: Long Term Moss Auction
For more information: Btp and Aste Bot, 2026 Government Bond Issuance Calendar
In the month of April 2026, the Treasury has planned two issues of ordinary Treasury bonds, and the appointments are scheduled on the 9th and 28th.These are bonds without coupons, which do not recognize interest from time to time but guarantee full payment of the face value at maturity.Profit for investors arises only from the difference between the price paid during the subscription phase and the amount returned as refund.The bot is allocated through a competitive auction process: usually, the annual guarantee is deposited in the middle of the month, while the six months are placed on the last day.
For more information: BOT and BTP, Italian households and companies hold more than 14% of the public debt.The details
And Btp in the short term
The issuance calendar shows April 24, 2026 as the key date for the short-term BTPs, the instruments that will replace the Ctz in 2021.These securities have a limited maturity, with a maturity of 18 to 36 months.Despite the short term, their behavior is consistent with traditional BTPs: they provide fixed coupons that are paid every six months and offer the possibility of further income related to the difference between the purchase price and the purchase value.BTP issues, regardless of maturity, are attracting a lot of interest in the market, and requests often exceed the amount offered.
On April 24, the placement of Btp€i, government bonds indexed to euro zone inflation and generally offered to the market on a monthly basis, is also expected.The aim of these instruments is to protect the purchasing power of investors, as the amount repaid at maturity and the semi-annual coupons are adjusted to the evolution of prices.The reference parameter is the Eurozone Harmonized Index of Consumer Prices (HICP), developed by Eurostat, considered net tobacco products.
Medium and long term BTP
The issuance process for April 2026 includes two tranches of BTPs with long-term maturities, scheduled for 10 and 29. These government bonds consider fixed interest with semi-annual payments and very long-term, from the very short term of 3 years to the ultra-long horizon of 50 years.The investor's income is provided by short-term coupons and the potential difference between the subscription price and the normal price.The issuance process usually includes two auctions per month: in the middle phase, often 3 to 7 BTPs are placed, while at the end of the month the offer is focused on 5 and 10 years, with the possibility of adding long-term securities depending on market conditions and demand.
When contacted
As always, each auction will be preceded by a detailed announcement including the type, duration and guaranteed minimum interest rates, usually four business days in advance.Here is the calendar:
- April 7: communication of the first Bot auction;
- April 8: announcement of the first mid-term BTP auction;
- April 21: Communication of the shortest term BTP and BTP€i auction;
April 23Second BOT Auction Announcement.
- 24 April: Announcement of the mid-term BTP auction to replace dawa kaping 2.
Where to find information
Official information on BTP auctions planned for this month will be published by the Ministry of Economy and Finance through special press releases that are regularly updated.These documents specify the amount, maturity and main characteristics of securities to be issued.After the completion of the placement operations, the Bank of Italy publishes the results of the auctions, publishing information on the yield, total requirements and coverage levels: key indicators for interpreting market trends and measuring investors' confidence in public debt.
How to participate in the auction
Small savers do not have direct access to auctions, but participate through the banking system and authorized financial intermediaries, often using domestic banking services.Purchase requests are generally submitted in the days leading up to the auction date and are settled thereafter according to the Treasury's established calendar and operating practices.
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