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 9 Oct, 2023

EUROZONE ISSUANCE

The EU, Germany and Italy are due to issue in the week ahead. We pencil in gross nominal issuance of E17.6bln.

  • The EU is scheduled to hold a syndication in the week ahead. We expect the transaction to take place tomorrow.
  • Germany will come to the market tomorrow to hold the last Index-Linked Bund auction of the year. On offer will be E400mln of the 10-year 0.10% Apr-33 ILB (ISIN: DE0001030583) and E200mln of the 23-year 0.10% Apr-46 ILB (ISIN: DE0001030575).
  • Germany will return to the market on Wednesday to hold a 30-year Bund auction. E1.0bln of the 1.25% Aug-48 Bund (ISIN: DE0001102432) will be on offer alongside E1.5bln of the 0% Aug-52 Bund (ISIN: DE0001102572).
  • Italy will come to the market on Thursday. We look for reopenings of the on-the-run 3-year 3.85% Sep-26 BTP (ISIN: IT0005556011), the on-the-run 7-year 4.00% Nov-30 BTP (ISIN: IT0005561888) alongside another 15-50-year BTP. Details will be announced later today.
NET NOMINAL FLOWS: The week ahead sees a single redemption of a German Bobl for E18.5bln with coupon payments of just E0.2bln in the week. This leaves net flows for the week close to flat at an estimated negative E1.1bln, versus positive E7.9bln (excluding retail) this week.

For more on this week and next week's supply as well as a recap of last week's issuance see the PDF 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.