MNI BRIEF: Japan May Core CPI Rises 2.5% Vs. April +2.2%

BRIEF: IMF Says New EU Fiscal Rules To Help Contain Volatility

BRIEF: Fiscal Commitments "Critical" - Eurogroup's Donohoe

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

UK GfK Highest Since Nov-21

MNI: UK JUN GFK CONSUMER CONFIDENCE INDEX -14

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

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

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

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

EGB supply for W/C Mar 15, 2021: Upcoming

EUROZONE ISSUANCE

Spain and France are both due to come to the market today. We estimate an additional E17.6bln will be sold. This would leave estimate nominal gross issuance of E37.5bln for the week, up from the E29.5bln issued last week.

  • Spain looks to sell E5.5-6.5bln 3/7/30-year Bonos/Oblis. It will launch a new 7-year Bono, the 0% Jan-28 Bono, as well as reopening the 3-year 0% May-24 Bono and the 30-year 1.00% Oct-50 Obli.
  • France returns to the market to sell E8.5-9.5bln of 2/5/7-year OATs (the 0% Feb-24 OAT, the 0% Feb-26 OAT and the 0.75% May-28 OAT). In addition France looks to sell E1.5-2.0bln of linkers (the 0.10% Mar-26 OATei, the 0.10% Mar-28 OATi and the 0.70% Jul-30 OATei).
Net nominal flows: There is a E900mln ITALY FRN due to mature this week (originally issued 15-years ago) but there are no other redemptions due. Coupon payments for the week total E2.4bln. With nominal gross issuance of E37.5bln this week, we look for net nominal flows of E34.2bln (up from E15.0bln last week). This will be the highest week of net nominal flow since the last week of January.

For more details and a full calendar of all announced operations see the MNI Eurozone/UK Bond Auction Calendar here.

BulletMarketsFixed Income Bullets
BulletMarketsFixed 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.