Managing public debt: methods, instruments and technologies for auctions

3-4 February 2028

This seminar aims to provide a structured and comprehensive overview of public debt management practices.

It will begin with a focus on Italian sovereign securities auctions, covering the execution framework and the management of associated operational risks, drawing on the experience of Banca d'Italia and its newly implemented auction platform.

The seminar will then address the design of issuance strategies, with particular attention on the use of analytical tools, the monitoring of secondary market dynamics and the role of regular dialogue with primary dealers.

Looking at it from a broader perspective, the discussions will also examine the interactions between public debt management, monetary policy implementation and financial stability, with a focus on how sovereign issuance activity and secondary market activity interact with the transmission of monetary policy to market rates.

The seminar will feature presentations by officials from Banca d'Italia and the Italian Ministry of Economy and Finance, as well as by participants, who will be encouraged to share their own institutional experiences and practices in public debt management.