Free Trial

EGB Supply (1/2)

EUROZONE ISSUANCE

The Netherlands, Italy and Germany are all still due to hold auctions this week while the EU came to the market on Monday. We pencil in gross nominal issuance of E34.4bln, up from E23.8bln last week.

  • This morning, the Netherlands will look to sell E1.5-2.5bln of the 10-year 2.50% Jul-33 DSL (ISIN: NL0015001AM2).
  • Then, Italy will look to hold a BTP Short Term/BTPei auction. On offer will be E2.5-3.0bln of the 3.60% Sep-25 BTP Short Term (ISIN: IT0005557084). There will also be a combined E1.25-1.75bln of the 1.50% May-29 BTPei (ISIN: IT0005543803) and the 2.55% Sep-41 BTPei (ISIN: IT0004545890) on offer.
  • Finally today, Germany will look to sell E4bln of the 2.40% Oct-28 Bobl (ISIN: DE000BU25018).
  • Germany will return to the market on Wednesday with E4bln of the 10-year 2.60% Aug-33 Bund (ISIN: DE000BU2Z015) on offer.

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.