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Eurozone governments sold.........>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Eurozone governments sold E10.2bln last week. This week is
looking to be fairly light at around E6bln.
- ISSUANCE: There have been two previously scheduled auctions next week that
have been cancelled: from Austria and Italy. France does not use this week's
normal auction date. On Tuesday, E3bln of Schatz Dec-19 will be sold. Then on
Thursday, Spain will sell SPGB 0.05% Jan-21, SPGB 1.45% Oct-27 and SPGB 5.75%
Jul-32 on Thursday, with the size announcement on Monday at 1300GMT.  
- CASH FLOWS: There are E0.3bln of coupon payments from Italy and E13bln Schatz
redemption on Friday. Thus, net supply is minus E7.3bln.
**For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: http://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/ybnzlygd

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