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Gilt/Bund spread breaks above the double top

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Weekly Claims, Retail Sales, TIC Flows

     LONDON, AUGUST 16 (MNI) - Below are the known dates for auctions of
European bonds and U.K. gilts. In addition, forthcoming syndication deals in the
pipeline are also listed below, along with a summary of recent MNI exclusive
comments from EMU debt agencies.
         TIME
DATE     (UK)      COUNTRY     AMOUNT                      DETAILS       COMMENT
--------------------------------------------------------------------------------
20 Aug   1030           UK  Stg1.1bln       0.125% Aug-28 I/L Gilt       Re-open
21 Aug   1030      Germany      E2bln                % Bund Aug-50           New
26 Aug            ESM/EFSF                       Week of Aug 26-30      Optional
27 Aug   1000        Italy                               CTZ/BTPEi    TBA Aug 22
27 Aug   1030      Germany      E5bln              % Schatz Sep-21           New
29 Aug   1000        Italy                                 M/L BTP    TBA Aug 26
03 Sep   1015      Austria                            RAGB auction
03 Sep   1030           UK                      0.625% Jun-25 Gilt       Re-open
04 Sep   1030      Germany      E4bln                % Bobl Oct-24       Re-open
05 Sep   0945        Spain                               Bono/Obli
05 Sep   0950       France                                 L/T OAT
05 Sep   1030           UK                      0.875% Oct-29 Gilt       Re-open
10 Sep   1000  Netherlands                        0.25% Jul-29 DSL       Re-open
12 Sep   1015      Ireland                                             TBA Sep 9
23 Sep            ESM/EFSF                       Week of Sep 23-27      Optional
24 Sep   1030           UK                  0.125% Aug-48 I/L Gilt       Re-open
     GREECE: Ekathimerini article published July 9 cited PDMA officials re
possible Greek bond sale later in July, or first half of September. Likely
3-/5-/ or 10- year issue, around E3bln (longer duration does not appear to be in
favour.
     FINLAND: The State Treasury does not publish a calendar of auctions.
Information on upcoming bond auctions is announced approximately one week before
the auction date.
UK: The next DMO consultation meeting with investors and GEMMs will be held on
August 19.
- A syndication for a conventional gilt with maturity of at least 35 years will
be held in September.
--MNI London Bureau; +44 203 865 3808; email: bruce.jeffery@marketnews.com
[TOPICS: MTABLE,MNXAU$,M$E$$$,M$X$$$,M$$FI$]