RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

RPT-MNI INTERVIEW: Canada Budget Leans To Largesse-CFIB's Kelly

RPT-MNI INTERVIEW: Freeland Keeps Some Credit Shine: Desjardins

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Contributions to the Y/Y change in CPI

Restaurants and hotels drive the upside surprise at first glance

MNI: UK MAR CPI +0.6% M/M, +3.2% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB Supply - W/C January 30, 2023 (1/2)

EUROZONE ISSUANCE

The EU, Italy, Germany, Spain, France and Belgium are all due to come to the market next week. We look for gross nominal issuance at first round operations of E42.5bln for these deals, up from this week’s E32.0bln.

  • On Monday, the EU will kick off issuance for the week with an auction of 5/10-year EU-bonds. On offer will be up to E2bln of the 2.00% Oct-27 EU-bond (ISIN: EU000A3K4DS6) and up to E2bln of the 1.00% Jul-32 EU-bond (ISIN: EU000A3K4DD8).
  • On Tuesday, Italy will come to the market with the 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 Tuesday, Germany will conclude January’s issuance with E6bln of the new Mar-25 Schatz (ISIN: DE000BU22007) on offer. The coupon will be announced on Monday but based on current market pricing is likely to be around 2.50% - higher than the 2.20% seen on the Dec-24 issue.
  • Germany will then return to the market to kick off February issuance with E5bln of the 10-year 2.30% Feb-33 Bund (ISIN: DE000BU2Z007) on offer.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.