MNI BRIEF: Bank Of Italy Downgrades 2024 Inflation Forecast

CANADA MAR JOBLESS RATE 6.1% VS FORECAST 5.9%, PRIOR 5.8%

MNI: Canada Wages Up 5% Even With Highest Jobless Rate In 2Yrs

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI: US FEB CONSUMER CREDIT +$14.1B

MNI: BAKER HUGHES US RIG COUNT 620; OIL RIGS 508; GAS RIGS 110

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE Short APF Mon

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB Supply For W/C Dec 6, 2021

EUROZONE ISSUANCE
MNI (London)

This week will see issuance from the Netherlands and Germany. MNI estimates gross issuance for this week at E9.7bln, down from last week’s E18.3bln.

  • Latvia came to the market Monday to launch its inaugural Sustainability bond with E600mln of the 0.25% Jan-30 bond sold via syndication, with books of E2.35bln.
  • The Netherlands kicked off auction issuance for the week on Tuesday morning, selling E2.1bln of the 3-year 2.00% Jul-24 DSL against a target of E1.5-3.0bln.
  • Germany also came to the market Tuesday, allotting E3.277bln of the 0% Dec-23 Schatz with issuance volumes of E4.0bln.
  • Germany returned to the market Wednesday, allotting E2.497bln of the 10-year 0% Aug-31 Bund with issuance volumes of E3bln.
  • Italy will hold an exchange auction this morning with up to E2.5bln of the Apr-29 CCTeu on offer in exchange for the Mar-22/Sep-22 CTZs and the Jun-22/Dec-22 CCTeus.
  • Greece will also hold an exchange/buyback this week with the 2.00% Apr-27, 3.90% Jan-33, 4.00% Jan-37 and 4.20% Jan-42 GGBs all on offer and 20 GGBs all available to be bought back/exchanged. The expiration is Friday.

NET NOMINAL FLOWS: There is one redemption due this week, a E15.5bln German Schatz maturing on Friday. There are no coupon payments due. With gross issuance of E9.7bln, we estimate negative net flows of E5.8bln this week (close to last week’s negative net flows of E6.9bln).

For a calendar of all announced EGB/EU/ESM/EFSF/gilt 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.