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EGB Supply For W/C Nov 1, 2021 (1/2)

EUROZONE ISSUANCE

This week will see issuance from Austria, Germany, Spain, and France. MNI estimates gross issuance for the week at E20.3bln, down from last week's E20.6bln. In addition, Italy has announced it will hold a buyback for up to E5bln this week.

  • Austria began issuance for the week yesterday morning, allotting E600mln of the 0.25% Oct-36 RAGB with issuance volumes of E690mln.
  • Also Tuesday morning, Germany allotted E344mln of the 0.50% Apr-30 lnflation-linked Bund and E274mln of the 0.10% Apr-33 lnflation-linked Bund. Issuance volumes were E400mln each.
  • Germany returns to the market today to sell E4bln of the 0% Oct-26 Bobl.

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