CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

EGB supply for W/C Apr 12, 2021 (2/2)

EUROZONE ISSUANCE
  • Italy will hold an auction this morning, selling up to E7.75bln of BTPs (a slightly smaller auction size than usual with the 7-year not on offer after last week's syndication). On offer will be the 0% Apr-24 BTP for E3.5-4.0bln, the 1.60% Jun-26 BTP for E1.00-1.75bln and the 0.95% Mar-37 BTP for E1.5-2.0bln.
  • Germany will hold a linker auction today, with the 0.10% Apr-33 ILB on offer for the first time since its launch in February.
  • Germany will then return to the market on Wednesday to sell E1.5bln of the 1.25% Aug-48 Bund.

REDEMPTIONS: 15 April is redemption day with E15.2bln of the 0.05% Apr-21 BTP (originally 3-year), E6.00bln of the 3.50% Apr-21 RFGB (originally 10-year) and E8.03bln of the 3.85% Apr-21 OT (originally 15-year) all due to mature.

NET NOMINAL FLOWS: Coupon payments for the week total E3.8bln (E1.5bln from Germany, E1.2bln from Portugal). With gross nominal issuance of E32.9bln, we look for net nominal flows to be almost flat on the week (against net nominal issuance of E15.8bln last week).

For a longer-term outlook for UK and EGB issuance see the MNI Eurozone/UK Bond Supply Calendar.

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.