MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

US EIA: CRUDE OIL STOCKS EX SPR -3.44M TO 445.1M JUL 05 WK

MNI:US MAY WHOLESALE INV 0.6%; SALES 0.4%

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

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

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

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

EGB supply for W/C Apr 19, 2021: Upcoming

EUROZONE ISSUANCE
Spain and France are both due to hold auctions today. We look for a further E18.2bln of nominal gross issuance, bringing the total for the week to an estimated E33.4bln, down from last week's E37.4bln (E38.9bln including second rounds last week).
  • Spain will issue E5-6bln the on-the-run 3-year 0% May-24 Bono, an off-the-run 7-year 1.50% Apr-27 Obli and the on-the-run 10-year 0.10% Apr-31 Obli.
  • France looks to issue E10-11bln of MT OATs. The highlight will be the 0% Feb-27 which will be built up as the 5-year benchmark. Also on offer are the 3-year 0% Feb-24 OAT and 8-yera 0.50% May-29 OAT.
  • France will then sell E1.5-2.0bln of linkers. The 0.10% Mar-26 OATei, the 0.10% Mar-36 OATi and the 0.10% Jul-47 OATei will be on offer.
  • In addition, Italy will launch a new 16-year BTP Futura to retail clients only (we do not include that in our total but books are open Mon-Fri and the running book total is at E4.68bln).
NET NOMINAL FLOWS: There are no redemptions this week and with coupon payments of just E0.8bln and gross nominal issuance of E33.4bln, we estimate net nominal flows of E32.6bln this week, up from E7.3bln last week.

For a longer-term calendar of all announced future operations see the MNI UK/EZ Bond Supply Calendar here.

BulletMarketsFixed Income Bullets
BulletMarketsFixed 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.