2012 Italian Debt Watch Begins

Italy's Dipartimento del Tesoro will be making the first debt offering of 2012 on Thursday, January 12, 2012.  They will offer 3 month and 12 month securities to replace ones that become mature on January 16th.  This will be another test of the European Central Bank's latest 'fine tuning,' which I wrote about last month.  Hopefully their lending will allow banks to strengthen themselves through arbitrage and hold down Italian, Greek, and other yields so that their governments can function.

Here is a link to their 2012 auction calendar.  The general public cannot participate in the auctions, but it might give you a better idea about some key dates for Italy's financial future.