CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

EGB Supply For W/C Aug 15, 2022

EUROZONE ISSUANCE

Germany and France were the only countries to sell bonds this week. We look for estimated gross nominal issuance of E11.0bln, up from this week’s E8.7bln sold.

  • Germany kicked off issuance for the week on Tuesday, allotting E3.242bln of the 1.30% Oct-27 Bobl (ISIN: DE0001141869).
  • Yesterday, France sold E5.999bln of MT OATs, the top of the target range: E2.199bln of the off-the-run 0.50% May-25 OAT (ISIN: FR0012517027) and E3.800bln of the on-the-run 0.75% Feb-28 OAT (ISIN: FR001400AIN5)
  • France returned later in the day to issue E1.000bln of linkers, the top of the target range: E650mln of the 1.85% Jul-27 OATei (ISIN: FR0011008705), E249mln of the 3.15% Jul-32 OATei (ISIN: FR0000188799) and E101mln of the 0.10% Mar-32 OATi (ISIN: FR0014003N51).
  • Spain cancelled its auction that was scheduled for yesterday.

NET NOMINAL FLOWS: There are only negligible redemptions due next week but coupon payments of E2.4bln are due (of which E2.3bln are German). With estimated gross issuance of E8.7bln, MNI estimates net nominal issuance of positive E8.6 bln next week, versus this week’s negative E22.1bln.

For a calendar of all announced EGB/EU/ESM/EFSF auctions see the MNI EZ/UK Bond Supply Calendar here.

Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
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.