MNI BRIEF: China May CPI Flat At 0.3% Y/Y

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1133 Weds; -1.75% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1133 WEDS VS 7.1135

MNI BRIEF: Brazil May Inflation 3.93% As Floods Push Up Prices

UK GDP a tenth higher than expected driven higher by services

MNI: GERMAN MAY CPI +2.4 % Y/Y

MNI: UK APR SERVICES INDEX +0.2% M/M, +0.9% 3MM

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

EGB supply for W/C 14 June, 2021 (1/2)

EUROZONE ISSUANCE

Issuance volumes this week ahead will largely depend on the size of the inaugural NGEU issue (we pencil in E14bln). On top of this we see Germany, Finland, Spain and France holding auctions for an estimated E29.0bln. Overall, therefore, we look for E40.0bln of net nominal issuance this week, up from E35.7bln last week.

  • The EU has issued a mandate for its inaugural NGEU syndication, with the transaction set to take place today. It will look to sell a 10-year bond. We note that although technically syndications under NGEU have a legal limit of E20bln, we would not expect a transaction that large and instead look for E10-12bln.
  • Germany will kick off auctions for the week this morning with E5bln of the 0% Jun-23 Schatz on offer. Note that the last Schatz auction on 18 May was technically uncovered (but was a larger auction at E6bln.
  • Finland will also come to the market today, looking to sell up to E1.5bln of 7/10-year RFGBs: E500mln of the 0.50% Sep-28 RFGB and E1bln of the 0.125% Sep-31 RFGB.
  • Tomorrow, Germany will return to the market to launch the new Aug-31 Bund, with a 0% coupon expected and E5bln on offer.
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.