DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

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 July 25, 2022

EUROZONE ISSUANCE

Italy, Germany and the EU are due to sell bonds this week. We look for estimated gross nominal issuance of E16.3bln, down form last week’s E29.7bln sold.

  • Italy kicked off issuance for the week yesterday selling E2.5bln of the 1.75% May-24 BTP Short Term (ISIN: IT0005499311) and E750mln of the 0.10% May-33 BTPei (ISIN: IT0005482994) and E500mln of the 2.55% Sep-41 BTPei (ISIN: IT0004545890).
  • Germany will come to the market this morning to sell E4bln of the 1.70% Aug-32 Bund (ISIN: DE0001102606).
  • Tomorrow, Italy will return to the market to sell 5/10-year BTPs and CCTeus. On offer will be the on-the-run the 5-year 2.65% Dec-27 BTP (ISIN: IT0005500068), the off-the-run 0.95% Jun-32 BTP (ISIN: IT0005466013), the on-the-run 2.50% Dec-32 BTP (ISIN: IT0005494239) and the on-the-run Oct-30 CCTeu (ISIN: IT0005491250).
  • In addition, the EU has stated that it will look to raise E1.035bln via private placement for its MFA programme over coming days.

NET NOMINAL FLOWS: The week ahead sees the redemption of a France OATei originally issued as a long 10-year in 2010 for E24.8bln. In addition there are E6.5bln of coupon payments due – of which E6.1bln are French. Together with estimated gross issuance of E16.3bln, MNI estimates net nominal issuance of negative E15.0bln this week, versus last week’s positive E29.3bln.

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.