(Correction to 0657BST bullet)....>

EUROZONE ISSUANCE: (Correction to 0657BST bullet) Germany comes to the sovereign

bond issuance market Tuesday launching a new Jun-20 Schatz for E3.0bln. Overall

issuance is expected to be for up to E17bln this week.

- ISSUANCE: Still to come this week, on Wednesday Germany returns to the market

with tap of 1.25% Aug-48 Bund for E1bln. On Thursday, Spain taps 0.35% Jul-23

Bono, 5.90% Jul-26 Obli, 1.40% Jul-28 Obli, and 2.35% Jul-33 Obli for an

indicative amount of E4-E5bln. Also on Thursday, France taps two OATS - 0.00%

Feb-21 and 0.00% Mar-24 - for a combined E6.5-7.5bln, and three linkers: the

0.10% Mar-25 OATi, 0.70% Jul-30 OATei, and 0.10% Jul-47 OATei, for a combined

E1.25-1.75bln.

- CASH FLOWS: There are total redemptions of E15.4bln (largely from The

Netherlands) plus coupons of E5.1bln, for a total of E20.5bln. This leaves net

cash flow negative E2.0bln vs positive E15.6bln this past week.

** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone

Net Cash Flow Matrix: https://tinyurl.com/gkrtmav and MNI Eurozone Issuance

Profile: https://tinyurl.com/y7qhuwh2