Free Trial

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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.