MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

EGB Supply

EUROZONE ISSUANCE

The Netherlands and Italy both still look to issue this week while the EU came to the market yesterday. We pencil in gross nominal issuance of E17.8bln, up from E13.0bln last week.

  • This morning, the Netherlands will look to sell E1.5-2.0bln of the 30-year 2.00% Jan-54 DSL (ISIN: NL00150012X2).
  • Also today, Italy will hold a BTP Short Term / BTPei auction. E2.0-2.5bln of the 3.40% Mar-25 BTP Short Term (ISIN: IT0005534281) will be on offer (possibly for the last time ahead of a new BTP-ST in July) alongside E1.25-1.75bln of the 1.50% May-29 BTPei (ISIN: IT0005543803) which was launched in April.
  • On Friday, Italy will look to conclude H1 issuance with a 5/10/11-year BTP auction. The 5-year on-the-run 3.80% Aug-28 BTP (ISIN: IT0005548315) will be reopened for E2.5-3.0bln alongside the 10-year on-the-run 4.35% Nov-33 BTP (ISIN: IT0005544082) for E2.75-3.25bln and E1.00-1.25bln of the 5.00% Aug-34 BTP (ISIN: IT0003535157) which originally had a 30-year maturity. There will be no CCTeu sold at this auction.
  • Germany will hold a press conference to discuss its Q3 issuance plans at 10:00BST / 11:00CET this morning while the EU will hold an investor call tomorrow to present its H2 issuance plans (although note that it has previously published these plans ahead of the call). Finland will either outline its Q3 issuance plans this week or next.
For more on this week's issuance and a look ahead to next week's supply see the PDF here:

EZ230627.pdf

BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.