CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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 24 June, 2024

EUROZONE ISSUANCE
The EU, Italy and Germany look to hold auctions in the week ahead. We pencil in an estimated gross issuance for the week at E22.9bln, down from E28.7bln this week.
  • The EU will kick off issuance on Monday by selling up to E2.5bln of the 2.75% Oct-26 EU-bond (ISIN: EU000A3K4D82) and up to E2.5bln of the 3.00% Dec-34 EU-bond (ISIN: EU000A3K4ES4).
  • Italy on Tuesday will look to hold a BTP Short Term and BTPei auction. On offer will be E2.0-2.5bln of the on-the-run 3.20% Jan-26 BTP Short Term (ISIN: IT0005584302) alongside E0.5-1.5bln of the 0.40% May-30 BTPei (ISIN: IT0005387052) and E0.75-1.25bln of the 2.40% May-39 BTPei (ISIN: IT0005547812).
  • Germany on Tuesday, will issue E4.5bln of the 2.90% Jun-26 Schatz (ISIN: DE000BU22056).
  • Italy will return to the market on Thursday, to hold a 5/10-year BTP / CCTeu auction. Details will be announced on Monday. We expect to see a reopening of the 5-year 3.35% Jul-29 BTP (ISIN: IT0005584849) and potentially see a new 10-year BTP launched (if not a reopening of the 3.85% Jul-34 BTP (ISIN: IT0005584856)).
  • NET NOMINAL FLOWS: The upcoming week sees redemptions of E20.4bln (most notably E14.7bln of a formerly 10-year Belgian OLO, E4.5bln of a formerly 10-year EFSF bond and E0.85bln of the formerly 7-year Cypriot bond). Coupon payments for the week are E5.9bln, of which E4.6bln are Belgian and E1.0bln are French. This leaves estimated net flows for the week at negative E3.4bln, versus positive E21.6bln this week.

For a recap of this week's issuance and more details on the next two weeks see the MNI EGB Issuance, Redemption and Cash Flow Matrix 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.