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Eurozone sovereign bond...........>

EUROZONE ISSUANCE: Eurozone sovereign bond issuance was E24.9bln over the past
week, this week should be close to E17.6bln although we assume two syndicated
deals at the long end of the curve to get this number.
- RECAP: On Monday, issuance began with two small E80mln-area taps from Slovakia
in the SLOVGB 1.625% Jan-31 and 2% Oct-47
- ISSUANCE: On Tuesday, Germany sells E5bln of the new Mar-20 Schatz. Italy is
scheduled to sell CTZ Oct-19 and some BTP linkers on Friday. Spain announced a
new 30Y via syndication on Monday for the near future and a new Belgian 15 or
20Y green bond might also come this week.
- CASH FLOWS: There is a E17bln German redemption on Friday and E0.3bln of
coupon payments. The net cash need is E0.4bln assuming we are correct on the
syndicated deals. 
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: and MNI Eurozone Issuance

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