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Why MNI
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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Eurozone sovereign bond...........>
EUROZONE ISSUANCE: Eurozone sovereign bond issuance was E24.9bln last week, this
week should be close to E15.2bln.
- RECAP: On Monday, issuance began with two small E80mln-area taps from Slovakia
in the SLOVGB 1.625% Jan-31 and 2% Oct-47. On Tuesday, Germany sold E5bln of the
new Mar-20 Schatz in technically uncovered auction. Spain completed E6bln very
well bid SPGB Oct-48 via syndication.
- ISSUANCE: Italy is scheduled to sell E1.5-2.0bln CTZ Oct-19 and E1.5-2.0bln of
BTPei 0.1% May-22 and BTPei 1.3% May-28 on Friday. There is a small chance of a
15/20Y Belgian Green bond.
- CASH FLOWS: There is a E17bln German redemption on Friday and E0.3bln of
coupon payments. The net cash need is minus E2.1bln assuming we are correct on
the syndicated deals.
** 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/h7trj4x
To read the full story
Sign up now for free trial access to this content.
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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.