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Eurozone bond issuance is.........>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Eurozone bond issuance is expected to slow next week to a
total of E16.0bln Vs E32.4bln issued this week. Germany are expected to come to
market twice next week, either side of an Italian auction.  
- ISSUANCE: Germany will kick off debt issuance for the week on Tuesday,
targeting E5.0bln in 0.00% Mar-21 Schatz. 
Wednesday sees the turn of Italy, they will auction M/L BTPs and a CCTeu.
Specification of the bonds and auction volume information will be released
later. 
Later Wednesday, Germany will return to the market to tap the 0.25% Feb-29 Bund
for E3.0bln.    
- CASH FLOW: Cash returning to market next week totals E43.4bln, leaving total
cash flow at negative E27.4bln Vs positive E13.9bln this week. 
** For full details, please see MNI Eurozone bond auction calendar. 
* Cash Flow Matrix: https://emedia.marketnews.com/CFM250219.pdf

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