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10/30-year IGBs

IRELAND AUCTION PREVIEW
MNI (London)
  • On offer today: E1.00-1.25bln IGBs
    • 0.35% Oct-32 IGB (ISIN: IE00BMD03L28)
    • 1.50% May-50 IGB (ISIN: IE00BH3SQB22)
  • Market colour: 10/50y IGB yields have risen around 73bp and 63bp respectively since Aug 1 to around 2.180% and 2.594% at the time of writing. Yields remain around 37bp and 20bp below the June 16 highs.
  • 10y IGB spreads to the 1.70% Aug-32 Bund were around 64.4bp at the time of writing, less than 1bp below the Aug 29 high.
  • 30y IGB spreads to the Bund are also close to the recent high, around 3bp below at 97.8bp at the time of writing.
  • Timing: Results will be available shortly after the auction closes at 1000 BST / 1100 CEST.

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