Free Trial

Germany, France and Spain come....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Germany, France and Spain come to market next week, with
E18.5bln in supply expected.
- ISSUANCE: On Tuesday, Germany sells a new Jun-20 Schatz for E4.0bln, and on
Wednesday taps the 1.25% Aug-48 Bund for E1.5bln. On Thursday, Spain taps 0.35%
Jul-23 Bono, 5.90% Jul-26 Obli, 1.40% Jul-28 Obli, and 2.35% Jul-33 Obli for an
estimated total of E4-5bln. Also on Thursday, France taps two OATS - 0.00%
Feb-21 and 0.00% Mar-24 - for a combined E6.5-7.5bln, and three linkers: the
0.10% Mar-25 OATi, 0.70% Jul-30 OATei, and 0.10% Jul-47 OATei, for a combined
E1.25-1.75bln.
- CASH FLOWS: There are total redemptions of E15.4bln (largely from The
Netherlands) plus coupons of E5.1bln, for a total of E20.5bln. This leaves net
cash flow negative E2.0bln vs positive E15.6bln this past week.
** 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

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.