April 07, 2022 07:08 GMT
Auction history: 5/7/10-year Oblis & 10-year Linker
SPAIN AUCTION PREVIEW
MNI (London)
- On offer today: A combined E4.5-5.5bln of the 1.50% Apr-27 Obli (ISIN: ES00000128P8), 0.80% Jul-29 Obli (ISIN: ES0000012K53) and 0.70% Apr-32 Obli (ISIN: ES0000012K20). A further E250-750mln of the 0.70% Nov-33 Obli-Ei (ISIN: ES0000012C12).
- Market colour: Spreads to the German curve have been rising since around 25 March with 5-year spreads now just under 60bp (from aroudn 43bp seen 2 weeks ago) but still below the close to 60bp high seen around a month ago. A similar widening has been seen across the curve, for the 10-year for example spreads to Bunds are now around 100bp, up from 85bp 2 weeks ago but below the 104bp seen a month ago. For the linker, spreads are around 113bp to the DBRi Apr-33, from 100bp 2 weeks ago and 125bp a month ago.
- Auction timing: Results will be available shortly after the auction closes at 09:30 BST / 10:30 CEST.
- Auction history: For auction history see the bllets below.
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