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

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Eurozone sovereign bond issuance has been completed this week
and totals E16.5bln versus E24.4bln last week.
- RECAP: On Tuesday Italy tapped 2-yr CTZ for E1.75bln and allotted E838mln
0.10% May-23 BTPei and E412mln 2.55% Sep-41 BTPei. Spain then priced E7bln in
new 10-yr Jul-28 Obli. Then on Thursday Italy sold 7-yr Sep-25 CCTeu, 5-yr 0.95%
Mar-23 BTP and 10-yr 2.00% Feb-28 BTP E2.0bln, E2.0bln and E2.5bln respectively.
- CASH FLOWS: There is a combined E0.39bln coupon payment from France and Italy,
but no redemption payments this week, leaves net cash flow positive to the tune
of E16.1bln.
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
net Cash Flow Matrix: https://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/y7qhuwh2

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