MNI BRIEF: Japan Oct Real Wages Unchanged Y/Y

MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

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 January 30, 2023

EUROZONE ISSUANCE

Spain, France and Belgium are all still due to come to the market this week while the EU, Italy and Germany have already sold bonds. We look for gross nominal issuance at first round operations of E43.3bln for these deals, up from last week’s E32.0bln.

  • This morning, Spain will look to sell Bonos / Olbi / ObliEi with E5-6bln of nominals and E250-750mln of ObliEi. On offer will be the on-the-run 3-year 2.80% May-26 Bono (ISIN: ES0000012L29) that was launched in January’s auction, the off-the-run 1.40% Apr-28 Obli (ISIN: ES0000012B39) and the on-the-run 20-year 3.45% Jul-43 Obli (ISIN: ES0000012K95). Also on offer will be the 1.00% Nov-30 Obli-Ei (ISIN: ES00000127C8).
  • Also this morning, France will look to sell E10.0-11.5bln of LT / Green OATs. On offer will be the 9-year 0% Nov-31 OAT (ISIN: FR0014002WK3), the on-the-run 10-year 2.00% Nov-32 OAT (ISIN: FR001400BKZ3) and the 0.50% Jun-44 Green OAT (ISIN: FR0014002JM6).
  • Belgium will conclude issuance for the week tomorrow with the ORI Facility with details to be announced this afternoon at 16:00GMT / 17:00CET. ORI operations have historically seen off-the-run OLOs offered for up to E500mln (with generally two but sometimes one OLO on offer). However, the December ORI operation broke that convention by having a larger operation size of E750mln.
For more on this week's issuance see the PDF here:

EZ230202.pdf

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.