Deposit account and postal bonds, here are the alternatives to the BTP: how to invest | The infographic
[ad_1]
Btp and complementary tools
With coupons ranging from 3.50% over 3 years to 4.75% over 30 years, the BTP is depopulating among small savers. And in its various guises, including green issues, those indexed to inflation in the euro area and the Italian version (the BTP Italia has coupons and principal repayment at maturity indexed to Italian inflation), since the beginning of the year it has raised around 130 billion euros (Bank of Italy and MEF data as at 31 May 2023). A figure that compares with a market demand of around 200 billion and with subscriptions of around 110 billion in the same period of 2022. The demand was driven by the growth in interest rates, which led the Italian government bond to compete , in terms of yields offered, with the stock market. But even with coupons on certain levels, with the Italian 10-year bond, for example, which pays 4.40% gross, it is always advisable to diversify the portfolio. There is no shortage of complementary instruments to the BTP; these include deposit accounts, with rates of up to 5% on 5-year bonds, short-term US government bonds, which pay approximately 5% in terms of coupons, evergreen postal bonds, with rates between 2.5% and 4.5% on 12 to 18-year maturities, but also investment grade bonds, with yields between 4 and 6 percent (see infographic). If you then want to add a bit more risk to your portfolio, you can play the card of high-yield bonds or even financial subordinates, whose yields even reach 8%, comments Rocco Bove, head of fixed income at Kairso Partners Sgr.
Read also:
– Btp Valore, subscriptions are underway: increasing coupons and extra premiums, what to know
Jun 17, 2023
© Reproduction reserved
[ad_2]
Source link