Free Trial

EGB Supply - W/C Jul 10, 2023 (1/2)

EUROZONE ISSUANCE

The EU, the Netherlands, Germany, Portugal and Italy all look to issue this week. We pencil in gross nominal issuance of E28.3bln, a little higher than the E25.1bln seen last week.

  • The EU will look to hold a syndication in the week. We do not have a strong conviction on which EU-bond(s) will be on offer.
  • The Netherlands will kick off auctions for the week tomorrow with E2.0-2.5bln of the 7-year 2.50% Jan-30 DSL (ISIN: NL0015001DQ7) on offer.
  • Also tomorrow, Germany will look to sell E5bln of the 2.40% Oct-28 Bobl (ISIN: DE000BU25018).
  • Germany will return to the market on Wednesday with E5bln of the new Aug-33 Bund (ISIN: DE000BU2Z015) on offer.
  • Portugal will also come to the market on Wednesday to hold a 6/12-year OT auction for a combined E0.75-1.00bln. On offer will be the 1.95% Jun-29 OT (ISIN: PTOTEXOE0024) and the 0.90% Oct-35 OT (ISIN: PTOTENOE0034).

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.