BOC SAYS FIRMS SEE SLOWER PRICE INCREASES AND WAGE GAINS

MNI BRIEF: China Q2 GDP Impacted By Bad Weather - NBS

MNI China Press Digest July 15: Consumption, Exports, FDI

MNI: PBOC Conducts CNY100 Bln Via 1Y MLF; Rates Unchanged

CHINA PBOC CONDUCTS CNY129 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1313 Mon; -1.35% Y/Y

King's Speech Due Wednesday

EZ/UK T-Bill Calendar: 6-Month ESM Auction on Tuesday

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

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

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

EGB Supply For W/C Feb 21, 2022

EUROZONE ISSUANCE
MNI (London)

Slovakia, Italy and Germany are all scheduled to sell bonds this week. We look for E12.6bln of gross nominal issuance from announced operations, down from E38.8bln last week.

  • Slovakia will kick off issuance for the week today with a total E380mln of SLovGB on offer; E100mln of each of the 0.25% May-25, 0.375% Apr-36 and 2.00% Oct-47 SlovGB and E77.2mln of the 1.00% Oct-30 SlovGB.
  • Italy will come to the market on Wednesday to reopen E2.5-3.0bln of the short-term 0% Nov-23 BTP. The planned BTPei auction for Wednesday was cancelled due to the recent syndication.
  • Germany will also come to the market on Wednesday with E1.5bln of the 0% May-36 Bund on offer.
  • Italy will return to the market to conclude issuance for the week on Friday, reopening the 5-year BTP, 10-year BTP, CCTeu with details to be announced on Tuesday.

NET NOMINAL FLOWS: There is one notable redemption for this week: E16.7bln of the French 0% Feb-22 OAT which was originally launched with a 3-year maturity. Coupon payments total E0.6bln. With gross issuance of E12.6bln, we estimate negative net flows of E4.7bln this week (down from last week’s positive net flows of E32.5bln).


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.