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AUCTION PREVIEW: Finland is scheduled to....>

FINLAND
FINLAND: AUCTION PREVIEW: Finland is scheduled to auction the 0.0% Sep-24 bond
on Wednesday for E1.0bln.
- BACKGROUND: The 0.0% Sep-24 bond was last tapped in August 2019 with E3.0bln
sold at an average yield of -0.73% and bid-to-cover of 4.5x.
- RV/HISTORY: As we have warned with Germany's planned auction on Wednesday,
heightened volatility and poor liquidity conditions could lead to a cancellation
of Finland's planned auction. Finish government bonds have previously traded in
lines with bunds, but during this current sell off spreads have widened sharply.
The 10-year spread over bunds has widened to 53bp from a 20-30bp range in 2019.
The 0.0% Sep-24 bond trades at a yield of -0.336% up from a YTD low of -0.747%
on March 9 and 7bp inside the comparable EUR swap. 
- TIMING: Results are expected at 1100GMT.

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