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1.00% Jul-32 EU NGEU

EUROZONE ISSUANCE
MNI (London)
  • On offer today: E2.5bln of the 1.00% Jul-32 EU NGEU (ISIN: EU000A3K4DD8)
  • Market colour: 10-year EU NEGU yields rose approx. 80bp from the March 22 launch to a high of 1.789% on May 9. They have since fallen around 25bp to 1.520% at time of writing.
  • Spreads to the 0% Feb-32 Bund widened around 15bp from the launch to the May 10 high in excess of 62bp. Spreads have since narrowed approx. 7bp off the high.
  • Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.

Auction history: This will be the first reopening of the new 10-year NGEU. The initial launch saw books of E59bln

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current1.520%
22-Mar-22E10bln1.020%99.80NewSynd

Similar 10y NEGU issuance: EU000A3KSXE1 0% Jul-31 EU NGEU

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current1.433%
15-Jun-21E20bln0.086%99.14NewSynd
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