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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Credit
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessGermany 2022 funding plan (2/2)
Details of conventional Schatz/Bobls/Bunds (excluding Greens):
- Schatz: 12 auctions E67bln (up from E64bln in 2021). 4 new issues. Launch auctions of E6ln and reopenings of E5.0-5.5bln.
- Bobls: 12 auctions E43bln (down from E49bln). 2 new issues. Launch auctions of E4bln and reopenings of E3-4bln.
- 7-year Bund: No issuance in 2022 (down from E24bln in 2021).
- 10-year Bund: 14 auctions E56bln (up from E48bln in 2021). 2 new issues. Launch auctions of E5bln and reopenings of E4bln (except December 2022 or E3bln).
- 15-year Bund: 9 auctions with E14bln (down from E22bln in 2021). Reopen the 0% May-36 Bund and new May-38 Bund. Launch auction of E2bln and reopenings of E1-2bln.
- 30-year Bund: 8 auctions with E10.5bln (down from E17.5bln in 2021) plus two syndications (one of E5.5bln in 2021). To be auctioned are 2046, 2048, 2050, 2052 Bunds and a new issue with auction sizes of E1.0-1.5bln. In March the 0% Aug-52 Bund to be syndiated and a new issue to be launched via syndication in Q4.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.