Free Trial

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

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Eurozone sovereign bond issuance is looking like being slow
again next week. Only Italy is scheduled to issue in a holiday-impacted week.
MNI sees around E12.9bln of issuance.
- RECAP: On Monday, Italy sold E2.9bln of a new CTZ 0% Mar-20 and E2.5bln of new
BTPei 0.1% May-23 paper. 
- ISSUANCE: On Wednesday, Italy sells E1.5-2.0bln of CCTeu Apr-25, E2.0-2.5bln
of BTP 0.95% Mar-23 and E2.5-3.0bln of BTP 2% Feb-28. 
- CASH FLOWS: There is an E11.3bln Italian CTZ redemption on Wednesday
(settlement for the CTZ auction) and 10.3bln from Belgium combining to E21.6bln.
Plus, there are E5.3bln of coupon payments, of which E5.1bln is from Belgium.
The net cash flow combines to around -E14bln.
** 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

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.