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EGB issuance is set to pick up....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: EGB issuance is set to pick up next week to E26.4bln from
E12.8bln this week.
- ISSUANCE: Monday, Italy kicks off issuance by issuing a new 4-year BTPI/L
Italia for E7.0-8.0bln. Belgium re-opens 0.50% Oct-24 OLO, 0.80% Jun-28 OLO,
3.00% Jun-34 OLO, and  2.25% Jun-57 OLO for a combined E2.9-3.4bln. Slovakia
re-opens the 1.00% Jun-28 SGB for E1.0bln and the 3.625% Jan-29 SGB for E0.5bln.
Tuesday, Finland re-opens the 0.00% Sep-23 and 1.375% Apr-47 RFGBs for a
combined E1.0bln. Wednesday, Germany re-opens the 0.00% Oct-23 Bobl for E3.0bln.
Friday, Spain re-opens the 0.45% Oct-22 Bono, 1.40% Jul-28 Obli and the 2.35%
Jul-33 Obli, and France re-opens E7.25-8.75bln of nominal and linker bonds.  
- CASH FLOWS: With minimal cash flow returning to market (E0.0bln in
redemptions, E0.39bln in coupons), cash flow next week will come in at positive
E26.0bln, vs E12.13bln this week.
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: https://tinyurl.com/cashflowmatrix and MNI Eurozone
Issuance Profile: https://tinyurl.com/issuanceprofile 

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