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EGB Supply For W/C Feb 14, 2021 (2/2)

EUROZONE ISSUANCE
MNI (London)
  • This morning Spain will look to sell E4.0-5.0bln of the on-the-run 5-year Bono and 10-year Obli: the 0% Jan-27 Bono and the 0.70% Apr-32 Obli.
  • Also today, France will sell 3/5/7-year OATs; the 0% Feb-25, 0% Feb-27 and 0.75% May-28 OATs.
  • France will then look to reopen a further E1.0-1.5bln of linkers. These will be the 0.10% Jul-31 OATei and the 0.10% Mar-32 and 0.10% Mar-36 OATis.

NET NOMINAL FLOWS: This week sees no redemptions and coupons of E3.0bln. With estimated gross nominal issuance of E38.8bln, net flows for the week are estimated at positive E32.6bln (from E25.4bln 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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