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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
EGB Supply For W/C Aug 16, 2021
Germany and France will both issue EGBs this week. Total gross nominal issue is expected at E15.0bln, up from this week's E4.0bln.
- Germany kicked off issuance for the week on Tuesday, allotting E4.809bln of the new Sep-23 Schatz in a successful auction with a total issuance volume of E6.0bln.
- Germany will return to the market this morning to sell E1.0bln of the 30-year 0% Aug-50 Bund.
- France will look to sell E6-7bln of MT OATs tomorrow. On offer will be the 0% Mar-24 OAT, the 0.50% May-25 OAT and the 1.00% May-27 OAT.
- France will then look to sell E0.5-1.0bln of linkers with both the 0.10% Mar-28 OATi and the 0.10% Mar-29 OATei on offer.
- Spain's scheduled auction for tomorrow has been cancelled.
NET NOMINAL FLOWS: There are no redemptions this week and just E2.4bln of coupon payments due. With gross nominal issuance of E15.0bln, we estimate net nominal issuance of E12.6bln for the week (up from E2.3bln last week).
For a calendar of all announced EGB/EU/ESM/EFSF auctions see the MNI EZ/UK Bond Supply Calendar here.
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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.