Free Trial

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

EUROZONE ISSUANCE
  • Italy will hold its mid-month 3/7/15-50-year auction on Thursday. We expect the MEF to launch a new 3-year BTP maturing 15 September 2026 for E3.5-4.0bln, reopen the 7-year 3.70% Jun-30 BTP BTP (ISIN: IT0005542797) for E2.5-3.0bln but we don’t have a strong conviction on what 15-50-year BTP will be on offer. Details will be announced later today.

NET NOMINAL FLOWS: This week sees a E2.0bln redemption from a formerly 10-year Luxembourg Government Bond and coupons payments of E0.2bln due. This leaves estimated net flows of positive E26.1bln in the week, up from E18.5bln last 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.

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.