Free Trial
EQUITY TECHS

E-MINI S&P (M3): Trend Outlook Remains Bearish

BRENT TECHS

(K3) Clears A Key Support

EURJPY TECHS

Impulsive Bear Leg

SCANDIS

No reaction for NOK or SEK to the data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

EGB Supply - W/C January 30, 2023

EUROZONE ISSUANCE

Italy, Germany, Spain, France and Belgium are all due to come to the market this week while the EU sold bonds yesterday. We look for gross nominal issuance at first round operations of E41.6bln for these deals, up from last week’s E32.0bln.

  • This morning, Italy will come to the market with on-the-run 5/10-year BTPs and the on-the-run CCTeu on offer: E3.5-4.0bln of the 3.40% Apr-28 BTP (ISIN: IT0005521981), E3.0-3.5bln of the 4.4% May-33 BTP (ISIN: IT0005518128) and E1.0-1.5bln of the 0.50% Apr-26 CCTeu (ISIN: IT0005428617).
  • Also this morning, Germany will conclude January’s issuance with E6bln of the new 2.50% Mar-25 Schatz (ISIN: DE000BU22007) on offer. The coupon sees another step up in coupons and is higher than the 2.20% seen on the Dec-24 issue.
For more on this week's issuance see the PDF here:

EZ230131.pdf

137 words

To read the full story

Why Subscribe to

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.

Italy, Germany, Spain, France and Belgium are all due to come to the market this week while the EU sold bonds yesterday. We look for gross nominal issuance at first round operations of E41.6bln for these deals, up from last week’s E32.0bln.

  • This morning, Italy will come to the market with on-the-run 5/10-year BTPs and the on-the-run CCTeu on offer: E3.5-4.0bln of the 3.40% Apr-28 BTP (ISIN: IT0005521981), E3.0-3.5bln of the 4.4% May-33 BTP (ISIN: IT0005518128) and E1.0-1.5bln of the 0.50% Apr-26 CCTeu (ISIN: IT0005428617).
  • Also this morning, Germany will conclude January’s issuance with E6bln of the new 2.50% Mar-25 Schatz (ISIN: DE000BU22007) on offer. The coupon sees another step up in coupons and is higher than the 2.20% seen on the Dec-24 issue.
For more on this week's issuance see the PDF here:

EZ230131.pdf