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Unconventional Monetary Policy and Auction Cycles of Eurozone Sovereign Debt. (2019). van Spronsen, Josha ; Beetsma, Roel.
In: CEPR Discussion Papers.
RePEc:cpr:ceprdp:14099.

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  8. Casual observation suggests that this indeed happens - see the Financial Times (October 11, 2018), which reports on a recent Italian auction of e6.5 bln that took place under relatively adverse circumstances, quoting Chiara Cremonesi, a strategist at UniCredit, that “this is a low amount and reflects the Treasury’s conservative attitude in the current volatile market”. See https://www.ft. com/content/9a026742-cd39-11e8-b276-b9069bde0956.
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