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EGB Supply

EUROZONE ISSUANCE

Italy and Germany are both due to issue this morning while the EU came to the market on Monday. We pencil in gross nominal issuance of E14.5bln, up from E9.5bln this week.

  • This morning will see Italy come to the market to hold its last 5/10-year BTP and CCTeu auction of the year. On offer will be E2.5-3.0bln of the on-the-run 5-year 4.10% Feb-29 BTP (ISIN: IT0005566408), E3.0-3.5bln of the on-the-run 10-year 4.20% Mar-34 BTP (ISIN: IT0005560948) and E0.75-1.0bln of the 0.50% Apr-26 CCTeu (ISIN: IT0005428617).
  • Today will also see Germany hold its last 10-year Bund auction of 2023 with E3.5bln of the 2.60% Aug-33 Bund (ISIN: DE000BU2Z015) on offer.
For more on this week and next week's supply see the PDF here:

EZ231128.pdf

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