BRIEF: EU’s Hahn Moots Possibility Of Slowing NGEU Repayments

MNI China Daily Summary: Monday, April 29

MNI BRIEF: China Pushes Back Against Japan's Semiconductor Threat

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

MNI: PBOC Sets Yuan Parity Higher At 7.1066 Mon; -4.49% Y/Y

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

Sequential SA Services CPI Estimated To Have Slowed Markedly

April Inflation: Services Decelerate, Core Goods Likely Soft

MNI: GERMANY APR CPI +2.2% Y/Y

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

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

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

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

/ ESM BILL PREVIEW: The....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: / ESM BILL PREVIEW: The European Stability Mechanism
(ESM) issue a new 6-month Aug 23, 2018 Bill for E2.0bln on Tuesday.
- BACKGROUND: The ESM have raised the issuance of its T-bills from E1.5bln to
E2.0bln but so far it does not seam to have had an impact on markets.
- RV: The Grey market is indicating a mid-yield of around -0.5325% which is a
spread of -17.75 versus EONIA and currently a 2.75bp pick up versus the old
6-month Jul 19, 2018 Bill.
- HISTORY: For comparison at the last 6-month Bill issued on Jan 23, the ESM
sold E2bln at an average yield -0.6119% and cover of 5.2 times. Prior to this,
on Nov 21 auction, the ESM sold E1.4978bln at an average yield of -0.6958% and
bid-to-cover of 4.7 times. 
- TIMING: The auction will close at 1130GMT, with results announced by Germany's
Bundesbank shortly afterwards.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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.