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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 AccessMNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
Germany, France, Italy and........>
EUROZONE ISSUANCE: Germany, France, Italy and Spain will issue EGBs this week.
We estimate supply (excluding redemptions) of E28.25bn compared to E20.4bn last
week.
- RECAP: Italy was the first to come to market on Tuesday with a sale of
the 1.85% Jul-25 BTP, Dec-23 CCTeu, 1.65% Dec-30 BTP and 0.95% Aug-30 BTP for a
combined E7.75bn. Germany then allotted E2.52bn of the 0% Nov-27 Bund on
the same day.
- ISSUANCE: Thursday will be the heaviest day for issuance with both France
and Spain holding auctions. Spain will sell the 0.0% Jan-25 Bono, 0.80% Jul-27
Obli, 1.25% Oct-30 Obli and the 1.00% Nov-30 ObliEi for E5.75-7.25bn. France
will tap the 0.0% Nov-30 OAT, 1.25% May-34 OAT, 1.75% Jun-39 OAT and the 0.75%
May-52 OAT for E10.25-11.75bn.
- CASH FLOWS: There will be E0.3bn in coupon payments and E0.1bn in redemptions
which will leave net cash flows at E27.8bn for the week.
** For further details please MNI Eurozone Issuance Profile & Cash Flow Matrix:
https://emedia.marketnews.com/CFM290620vdhj.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.