MNI China Daily Summary: Thursday, October 10

MNI BRIEF: BOJ Can Afford Caution - Dep Gov Himino

MNI: GERMANY AUGUST RETAIL SALES +1.6% M/M

MNI: PBOC Net Drains CNY142 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.0742 Thurs; +3.18% Y/Y

CHINA PBOC CONDUCTS CNY150 BLN VIA 7-DAY REVERSE REPOS THURS

MNI: NORWAY SEP CORE CPI +0.3% M/M, +3.1% Y/Y

MNI: NORWAY SEP CPI +0.3% M/M, +3% Y/Y

MNI: JAPAN SEPT CORP GOODS PRICE INDEX +2.8% Y/Y; AUG REV +2.6%

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB FUNDING UPDATE: Italy Q4 funding plan

EGB FUNDING UPDATE
EurozoneBulletGlobalFixed Income BulletsRegionMarkets
  • Italy released its Q4 funding plan yesterday. It has revised it's total gross 2024 issuance target to E350bln (towards the bottom of the previous range of E348-368bln). It estimates E65bln of issuance for Q4-24.
  • The MEF notes that the reduced issuance needs reflect better than expected cumulative YTD cash requirements.
  • The following new BTPs will be launched in Q4:
    • 3-year BTP maturing 15 October 2027 (E9bln min)
    • 7-year BTP maturing 15 November 2031 (E10bln min).
  • The following bonds will be reopened:
    • 3.10% Aug-26 BTP Short Term (ISIN: IT0005607269); E9bln min already exceeded
    • 3-year 3.45% Jul-27 BTP (ISIN: IT0005599904); E9bln min already exceeded
    • 5-year 3.00% Oct-29 BTP (ISIN: IT0005611055); E10bln min
    • 7-year 3.45% Jul-31 BTP (ISIN: IT0005595803); E10bln min already exceeded
    • 10-year 3.85% Feb-35 BTP (ISIN: IT0005607970); E10bln min
119 words

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.
  • Italy released its Q4 funding plan yesterday. It has revised it's total gross 2024 issuance target to E350bln (towards the bottom of the previous range of E348-368bln). It estimates E65bln of issuance for Q4-24.
  • The MEF notes that the reduced issuance needs reflect better than expected cumulative YTD cash requirements.
  • The following new BTPs will be launched in Q4:
    • 3-year BTP maturing 15 October 2027 (E9bln min)
    • 7-year BTP maturing 15 November 2031 (E10bln min).
  • The following bonds will be reopened:
    • 3.10% Aug-26 BTP Short Term (ISIN: IT0005607269); E9bln min already exceeded
    • 3-year 3.45% Jul-27 BTP (ISIN: IT0005599904); E9bln min already exceeded
    • 5-year 3.00% Oct-29 BTP (ISIN: IT0005611055); E10bln min
    • 7-year 3.45% Jul-31 BTP (ISIN: IT0005595803); E10bln min already exceeded
    • 10-year 3.85% Feb-35 BTP (ISIN: IT0005607970); E10bln min