MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 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 have issued bonds raising a total E4.8bln nominal this week so far. Italy is scheduled to sell an estimated further E8.3bln this week, bringing total estimated gross nominal issuance to E13.0bln from announced operations, down from E38.8bln last week.

  • Slovakia kicked off issuance for the week on Monday, selling E63mln of the 0.25% May-25, E38mln of the 1.00% Oct-30 SlovGB, E99mln of the 0.375% Apr-36 and E75mln of the 2.00% Oct-47 SlovGB, raising a total E274mln of SlovGBs (versus a combined E377mln on offer).
  • Italy came to the market yesterday, selling E3.0bln (top of the target range) of the short-term 0% Nov-23 BTP. Wednesday's planned BTPei auction was cancelled due to the recent syndication.
  • Germany also came to the market yesterday and allotted E1.283bln of the 0% May-36 Bund, with issuance volumes of E1.5bln.
  • Italy will return to the market to conclude issuance for the week on Friday, issuing E3.5-4.0bln of the new 5-year 1.10% Apr-27 BTP and reopening E2.5-3.0bln of the 10-year 0.95% Jun-32 BTP and E1.0-1.25bln of the 5-year 0.50% Apr-26 CCTeu.

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 E13.0bln, we estimate negative net flows of E4.3bln 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.