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Commerzbank Flag Potential Fiscal Headlines, Although Don't Exp. Meaningful Market Impact

GERMANY

Commerzbank note that “German budget news could make headlines today as the second proposal for the 2024 budget will be discussed in the Bundestag. The original budget needed significant adjustment after the German Constitutional Court ruling on the use of 'special funds' in November last year. The revised budget should not contain material news for bond markets though as the DFA already published its 2024 funding calendar. We estimate gross Bund supply of €272bn this year.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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