MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EUROZONE ISSUANCE: EGB Supply

EUROZONE ISSUANCE
EurozoneBulletGlobalFixed Income BulletsRegionMarkets

Austria, Germany, Spain, France and Belgium will look to hold auctions this week while the ESM already held a syndication yesterday. We pencil in estimated gross issuance for the week at E28.3bln, down from E31.2bln this week.

  • This morning, Austria will kick off conventional issuance for the week by holding a RAGB auction, on offer will be a combined E1.4375bln of the on-the-run 10-year 2.90% Feb-34 RAGB (ISIN: AT0000A39UW5) and the 1.50% Nov-86 RAGB (ISIN: AT0000A1PEF7).
    • The second line is the RAGB that was proposed for a syndicated tap earlier this week but ultimately was not issued. The fact that it is being auctioned next week suggests that there is demand on the line, just not quite enough to go ahead with the syndicated tap.
  • Also this morning, Germany will sell E4.5bln of the 2.70% Sep-26 Schatz (ISIN: DE000BU22064).

For more on this week's issuance and a look ahead to next week's issuance see the full PDF here:

Keep reading...Show less
154 words

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.

Austria, Germany, Spain, France and Belgium will look to hold auctions this week while the ESM already held a syndication yesterday. We pencil in estimated gross issuance for the week at E28.3bln, down from E31.2bln this week.

  • This morning, Austria will kick off conventional issuance for the week by holding a RAGB auction, on offer will be a combined E1.4375bln of the on-the-run 10-year 2.90% Feb-34 RAGB (ISIN: AT0000A39UW5) and the 1.50% Nov-86 RAGB (ISIN: AT0000A1PEF7).
    • The second line is the RAGB that was proposed for a syndicated tap earlier this week but ultimately was not issued. The fact that it is being auctioned next week suggests that there is demand on the line, just not quite enough to go ahead with the syndicated tap.
  • Also this morning, Germany will sell E4.5bln of the 2.70% Sep-26 Schatz (ISIN: DE000BU22064).

For more on this week's issuance and a look ahead to next week's issuance see the full PDF here:

Keep reading...Show less