MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

EUROZONE ISSUANCE: EGB Supply

EUROZONE ISSUANCE
EurozoneBulletGlobalFixed Income BulletsRegionMarkets

Germany, Italy, and Ireland still look to hold auctions this week, whilst the EU and Italy have both held syndications and the Netherlands and Germany have held already auctions and the already this week. We pencil in estimated gross issuance for the week at E33.0bln, up from E31.8bln last week.

  • Today, Germany will return to sell E4.5bln of the 2.60% Aug-34 Bund (ISIN: DE000BU2Z031).
  • Tomorrow, Italy will come to the market to hold a 3/7-year BTP auction, with on-the-run issues being on offer (as we expected): E3.0-3.5bln of the 3.45% Jul-27 BTP (ISIN: IT0005599904) and E2.5-3.0bln of the 3.45% Jul-31 BTP (ISIN: IT0005595803). There is no 15-50-year BTP on offer due to the 30-year benchmark syndication, noted above.
  • Also tomorrow, Ireland will sell a combined E1.0bln of the 1.35% Mar-31 Green IGB (ISIN: IE00BFZRQ242) and the 2.60% Oct-34 IGB (ISIN: IE000LQ7YWY4).

For more details on issuance this week and next week see the full document here: EZ240911.pdf

153 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.

Germany, Italy, and Ireland still look to hold auctions this week, whilst the EU and Italy have both held syndications and the Netherlands and Germany have held already auctions and the already this week. We pencil in estimated gross issuance for the week at E33.0bln, up from E31.8bln last week.

  • Today, Germany will return to sell E4.5bln of the 2.60% Aug-34 Bund (ISIN: DE000BU2Z031).
  • Tomorrow, Italy will come to the market to hold a 3/7-year BTP auction, with on-the-run issues being on offer (as we expected): E3.0-3.5bln of the 3.45% Jul-27 BTP (ISIN: IT0005599904) and E2.5-3.0bln of the 3.45% Jul-31 BTP (ISIN: IT0005595803). There is no 15-50-year BTP on offer due to the 30-year benchmark syndication, noted above.
  • Also tomorrow, Ireland will sell a combined E1.0bln of the 1.35% Mar-31 Green IGB (ISIN: IE00BFZRQ242) and the 2.60% Oct-34 IGB (ISIN: IE000LQ7YWY4).

For more details on issuance this week and next week see the full document here: EZ240911.pdf