Free Trial

EGB Supply For W/B Aug 24 Is Estimated At EUR17.8bn

EUROZONE ISSUANCE

Germany, Italy, Belgium and Portugal will issue EGBs this week. We estimate supply of E17.8bn compared to E13.5bn last week.
- ISSUANCE: Belgium will be the first to come to market with a tap of the 0.10% Jun-30 OLO for E1.0-1.5bn on Monday. Germany will follow on Tuesday with an auction of the 0% Sep-22 Schatz for E6bn. Italy will sell CTZ/BTPEi on Wednesday with issue details and volumes TBA. Germany then returns for a second time to sell the 0% May-35 Bund for E3.5bn. Portugal concludes issuance for the week with a tap of the 0.70% Oct-27 OT and the 3.875% Feb-30 OT for E1.00-1.25bn.
- CASH FLOWS: E0.5bn of redemptions will leave net cash flows at E17.3bn for the week.
** For further details please MNI Eurozone Issuance Profile & Cash Flow Matrix: https://emedia.marketnews.com/marketnewsintl/cfm240820bhjb.pdf

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.