MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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EGB Supply: W/C 1 April 2024 (2/2)

EUROZONE ISSUANCE
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • Also on Thursday, France will look to hold a LT OATs auction. As in February and March we look for an auction size of E11.5-13.0bln. Details of what will be sold will be announced tomorrow. We look for the 10-year 3.50% Nov-33 OAT (ISIN: FR001400L834) to be on offer alongside the 20-year 2.50% May-43 OAT (ISIN: FR001400CMX2) and a first auction of the 30-year 3.25% May-55 OAT (ISIN: FR001400OHF4).
  • Finland will conclude issuance for the week on Thursday with up to E0.4bln available through the ORI Facility.
NET NOMINAL FLOWS: The week ahead sees redemptions of E28.7bln with the majority (E23.5bln) from a Bobl. There is also E3.2bln of a formerly 10-year EU-bond and E1.8bln of a formerly 5-year GGB. Coupon payments will be E2.3bln (of which E1.2bln are Italian and E0.7bln EU-bonds). This leaves estimated net flows for the week at positive E2.7bln, versus this week’s negative E21.2bln.
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  • Also on Thursday, France will look to hold a LT OATs auction. As in February and March we look for an auction size of E11.5-13.0bln. Details of what will be sold will be announced tomorrow. We look for the 10-year 3.50% Nov-33 OAT (ISIN: FR001400L834) to be on offer alongside the 20-year 2.50% May-43 OAT (ISIN: FR001400CMX2) and a first auction of the 30-year 3.25% May-55 OAT (ISIN: FR001400OHF4).
  • Finland will conclude issuance for the week on Thursday with up to E0.4bln available through the ORI Facility.
NET NOMINAL FLOWS: The week ahead sees redemptions of E28.7bln with the majority (E23.5bln) from a Bobl. There is also E3.2bln of a formerly 10-year EU-bond and E1.8bln of a formerly 5-year GGB. Coupon payments will be E2.3bln (of which E1.2bln are Italian and E0.7bln EU-bonds). This leaves estimated net flows for the week at positive E2.7bln, versus this week’s negative E21.2bln.