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Late Equity Roundup: Mildly Lower on Week


Remains Above The 50-Day EMA

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  • Tuesday morning, Spain sold E2.08bln of 3/9-month letras vs a E1.5-2.5bln target: E540mln of 3-month Apr 8, 2022 letras and E1.54bln of 9-month Oct 7, 2022 letras.
  • The ESM also came to the market Tuesday to sell E1.5bln of the new 6-month Jul 21, 2022 bill.
  • Wednesday morning, Portugal sold E1.50bln of BTs (the top of the target range): E495mln of the 6-month Jul 22, 2022 BT and E1.005bln of the new 12-month Jan 20 , 2023 BT.
  • Issuance for the week concluded later Wednesday with the EU coming to the market to sell E1bln each of the 3-month Apr 8, 2022 EU-bill and the 6-month Jul 8, 2022 EU-bill.
MNI London Bureau | +44 203-865-3820 |
MNI London Bureau | +44 203-865-3820 |

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