Free Trial

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

EUROZONE ISSUANCE
  • 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.

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.