FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

EGB Supply: W/C 17 April, 2023 (3/3)

EUROZONE ISSUANCE
  • On Thursday Spain will come to the market to sell the on-the-run 7-year 0.80% Jul-29 Obli (ISIN: ES0000012K53), the on-the-run 10-year 3.15% Apr-33 Obli (ISIN: ES0000012L52) and the 25-year 2.70% Oct-48 Obli (ISIN: ES0000012B47). The auction size will be confirmed this afternoon.
  • Also Thursday, France will look to hold a MT OAT auction for E10.0-11.5bln. On offer will be the 3-year 2.50% Sep-26 OAT (ISIN: FR001400FYQ4), the new 2.75% Feb-29 OAT (ISIN: TBC) and the 0% Nov-29 OAT (ISIN: FR0013451507).
  • France will return to the market later on Thursday to hold an IL OAT auction with E1.25-1.75bln on offer. AFT looks to sell the 0.10% Mar-28 OATi (ISIN: FR0013238268), the 0.10% Jul-38 Green OATei (ISIN: FR001400AQH0) and the 0.10% Jul-53 OATei (ISIN: FR0014008181).
  • On Friday, Italy will come to the market. We expect a reopening of the 3.40% Mar-25 BTP Short Term (ISIN: IT0005534281) alongside a BTPei.

NET NOMINAL FLOWS: This week sees redemptions totalling E41.5bln (E5.0bln of a formerly 10-year RFGB, E20.5bln of a German ILB, E6.2bln of a formerly 3-year RAGB and E9.8bln of a BTP Italia). Coupons for the week total E4.1bln. of which E2.1bln are German and E0.7bln Portuguese. With estimated gross nominal issuance of E45.4bln in the week, we look for net flows to be almost flat at negative E0.2bln, down from E4.9bln last week.

For more on this week's issuance, a preview next week and a recap of last week's issuance events click here.

Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
Homepagemarkets-real-timeBulletMarketsFixed 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.