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EGB Supply

EUROZONE ISSUANCE

Austria and Germany both look to hold auctions in this week. We pencil in estimated gross issuance for the week at E7.5bln as issuance slows down in the summer, down from E35.9bln last week.

  • Today, Austria will kick off issuance for the week by holding an RAGB auction. On offer will be a combined E1.438bln of the on-the-run 10-year 2.90% Feb-34 RAGB (ISIN: AT0000A39UW5) alongside the 0% Oct-40 RAGB (ISIN: AT0000A2KQ43).
  • Also today, Germany will sell E4bln of the 2.50% Oct-29 Bobl (ISIN: DE000BU25034).
  • Tomorrow, Germany will return to the market to hold a 15-year Bund auction. On offer will be E1.5bln of the 2.60% May-41 Bund (ISIN: DE000BU2F009) alongside E500mln of the 1.00% May-38 Bund (ISIN: DE0001102598).
For more on this week's issuance and a look ahead to next week's issuance see the full PDF here:

EZ240806.pdf

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