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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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Free AccessGermany, France, Italy.....>
EUROZONE T-BILL ISSUANCE: Germany, France, Italy and Spain will come to market
this week with combined issuance of around E24bln compared to EUR5.7bln this
week.
-RECAP: Italy raised E7.25bln on Tuesday from sales of the 1.75% Jul-24 BTP,
3.00% Aug-29 BTP, Jan-25 CCTeu and Apr-25 CCTeu. Germany followed up with the
0.0% Jun-21 with E3.27bln allotted. Germany returned on Wednesday with a sale of
the 0.0% Bund Aug-29, with E2.344bln allotted
- ISSUANCE: Spain will re-open the 0.25% Jul-24 Bono, 0.60% Oct-29 Obli, 2.35%
Jul-33 Obli and the 2.70% Oct-48 Obli on Thursday. Finally, on the same day
France will tap the market for E5.0-6.0bln with offers of the 2.75% Oct-27 OAT,
2.50% May-30 OAT and the 4.75% Apr-35 OAT.
- CASH FLOWS: There are E36.4bln in redemptions next week and E14.0bln in
coupons which will leave net cashflow at negative EUR25.5bln for the week.** For
full details please see MNI Eurozone bond auction calendar, and MNI Cash Flow
Matrix: https://emedia.marketnews.com/CFM260719sdasa.pdf
To read the full story
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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.