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FED

NY Fed Operational Purchase

GILT SUMMARY

Curve Flattening

EGB SUMMARY

BTP underperformance, the story of the day

US 10YR FUTURE TECHS

(U1)‌‌ Holding Above Thursday Low

OPTIONS

Expiries for Jun21 NY cut 1000ET (Source DTCC)

Germany, France and Spain will....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Germany, France and Spain will come to market this week with
issuance of E16.5bln compared to E22.5bln raised last week.
- RECAP: Germany allotted E2.32bln of the 0.0% Oct-24 Bobl for E3bln on
Wednesday.
- ISSUANCE: Spain will come to market on Thursday to re-open the 0.65% Nov-27
Linker, 0.60% Oct-29 Obli and the 2.70% Oct-48 Obli for a combined
E2.75-4.25bln. France will be the largest issuer of the week with a E8.0-9.5bln
tap of the 0.00% Nov-29 OAT, 1.50% May-50 OAT and the 4.00% Apr-55 OAT on
Thursday.
- CASH FLOWS: Redemptions will come to E10.7bln and coupon payments will total
E2.8bln, which will leave net cash flow at E3.1bln.
- For further details please see MNI Issuance Profile and Cash Flow Matrix:
https://emedia.marketnews.com/CFM300919xdcfgvh.pdf
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com