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EURUSD TECHS

Resumes Its Upleg

EUROSTOXX50 TECHS

(M1) Clears 4000

BTP TECHS

(M1) Clears Key Support

GILT TECHS

(M1) Gains Considered Corrective

SCHATZ TECHS

(M1) Needle Points South

BOBL TECHS

(M1) 50-day EMA Remains Intact

Germany, Italy and the............>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Germany, Italy and the Netherlands will come to the market
this week and issue an estimated E12.9bln.
- ISSUANCE: The Netherlands will kick off the week by re-opening the 0.00%
Jan-24 DSL for E1.5-2.5bln on Tuesday. Italy will then tap the Mar-20 CTZ for
E1.25-1.75bln and the 1.25% Sep-32 BTPei for E0.75-1.00bln. Germany will issue
E3.0bln of the Oct-23 Bobl on Wednesday. Italy will then close the week on
Thursday, re-opening Sep-25 CCTEu for E0.75-1.25bln, re-opening 2.45% Oct-23 BTP
for between E1.5-2.0bln, and re-opening 2.80% Dec-28 BTP for between
E1.5-2.0bln.
- CASH FLOWS: There are an estimated E0.23bln in EGB redemptions this week and
E2.52bln in coupon payments, which will leave net cash flows at positive
E10.1bln, versus positive E8.7bln last week.
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: https://tinyurl.com/y97poj6h and MNI Eurozone Issuance
Profile: https://tinyurl.com/y7qhuwh2