Free Trial

EGB supply this week is...........>

EUROZONE ISSUANCE
MNI (London)
EUROZONE ISSUANCE: EGB supply this week is scheduled from Germany, Spain and
France -- MNI estimates a total of E17.25bln vs E16.8bln last week vs the weekly
YTD average pace at E20.4bln.
- SUPPLY RE-CAP: Germany sold E4bln of 2-year 0% Schatz Jun-19 on Tuesday.
- ISSUANCE: Germany returns to the bond market on Wednesday with E3bln of Bund
0.5% Aug-27. The mid-week rush continues on Thursday, with Spain due to sell
SPGBei 0.3% Nov-21 for E250mln-E750mln and 3 nominals: SPGB 0.4% Apr-22, SPGB
5.9% Jul-26 and SPGB 4.7% Jul-41 for E3bln-E4bln indicative size. France sells
E5.5-6.5bln of OAT 6% Oct-25, OAT1% May-27 and OAT 2% May-48.
- CASH FLOW: There are big peripheral cash flows with E28.8bln of Spanish
coupons & redemptions and a similar E22.5bln from Italy on Monday and Tuesday,
respectively. Total cash flows amount to E42.3bln. EGB supply net of cash
inflows is a massive -E33.8bln. 
**For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: http://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: http://tinyurl.com/h7trj4x

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.