Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

EGB Supply

EUROZONE ISSUANCE

Spain and France both look to hold auctions today while the EU, the Netherlands and Germany have already held auctions. We pencil in gross nominal issuance of E32.7bln this week, down from last week’s E42.8bln.

  • This morning, Spain will look come to the market to sell E5-6bln of 3/6/10-year Bonos/Oblis and E250-750mln of a 10-year Obli-Ei: the 2.80% May-26 Bono (ISIN: ES0000012L29), the 0.80% Jul-29 Obli (ISIN: ES0000012K53), the 3.15% Apr-33 Obli (ISIN: ES0000012L52) and the 0.70% Nov-33 Obli-Ei (ISIN: ES0000012C12).
  • Later this morning, France will look to sell E10.5-12.0bln of LT OATs: the 2.00% Nov-32 OAT (ISIN: FR001400BKZ3), the 1.25% May-34 OAT (ISIN: FR0013313582), the 1.25% May-38 OAT (ISIN: FR0014009O62) and the 4.00% Apr-60 OAT (ISIN: FR0010870956).
For more on this week's issuance see the PDF here:

EZ230302.pdf

131 words

To read the full story

Why Subscribe to

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.

Spain and France both look to hold auctions today while the EU, the Netherlands and Germany have already held auctions. We pencil in gross nominal issuance of E32.7bln this week, down from last week’s E42.8bln.

  • This morning, Spain will look come to the market to sell E5-6bln of 3/6/10-year Bonos/Oblis and E250-750mln of a 10-year Obli-Ei: the 2.80% May-26 Bono (ISIN: ES0000012L29), the 0.80% Jul-29 Obli (ISIN: ES0000012K53), the 3.15% Apr-33 Obli (ISIN: ES0000012L52) and the 0.70% Nov-33 Obli-Ei (ISIN: ES0000012C12).
  • Later this morning, France will look to sell E10.5-12.0bln of LT OATs: the 2.00% Nov-32 OAT (ISIN: FR001400BKZ3), the 1.25% May-34 OAT (ISIN: FR0013313582), the 1.25% May-38 OAT (ISIN: FR0014009O62) and the 4.00% Apr-60 OAT (ISIN: FR0010870956).
For more on this week's issuance see the PDF here:

EZ230302.pdf