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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.
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Free AccessEGB sales will total E12.0bln.....>
EUROZONE ISSUANCE: EGB sales will total E12.0bln next week, versus E14.7bln in
sales this week. Germany, Portugal, Italy, and Ireland come to market.
- ISSUANCE: On Wednesday, Germany sells E3.0bln in 10-Yr benchmark 0.25% Feb-29
Bund. Also Wednesday, Portugal sells a combined E1.0-1.25bln in PGBs: 1.95%
Jun-29 PGB and 2.25% Apr-34 PGB. On Thursday, Italy sells medium/long-term BTPs.
Details to be announced Monday June 10, but MNI expects between E5.0-7.0bln in
issuance. Also on Thursday, Ireland sells IGBs - again, details TBA Monday, but
MNI estimates E1.5bln in sales.
- CASH FLOWS: There are just E0.4bln in coupons but E21.1bln in redemptions
(Germany 13bln Schatz, Portugal 8.1bln PGB) bringing a total of E21.5bln back to
market. This will leave cash flow negative by E9.6bln, versus E12.9bln positive
this week.
** For full details, please see MNI Eurozone bond auction calendar, and MNI Cash
Flow Matrix: https://emedia.marketnews.com/CFM10062019.pdf
To read the full story
Sign up now for free trial access to this content.
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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.