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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: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Germany, Italy, the Netherlands...>
EUROZONE ISSUANCE: Germany, Italy, the Netherlands and France will issue EGBs
this week. We estimate supply of E29.4bln compared to E49.6bn last week.
- ISSUANCE: On Friday, Italy look to sell a combined E6.25-7.50bln of the 1.85%
Jul-25 BTP, the 0.95% Aug-30 BTP and Dec-23 CCTeu.
RECAP: The Netherlands kicked off issuance on Tuesday selling at the top end of
the E3-5bn range to launch the 0% Jan-27 DSL. Italy followed up by selling
E5.0bln of the 0.40% May-30 BTPEi and new May-22 CTZ, again at the top end of
the E4.0-5.0bn range. Germany concluded Tuesday's issuance, selling E5.0bln of
the new 0% Jun-22 Schatz, allotting E4.1bln. On Wednesday, France saw a record
book of EUR51bln as it launched its new 20-year 0.50% May-40 OAT for EUR7.0bln
via syndication.
CASH FLOWS: There will be E18.6bln in redemptions and E7.8bln in coupon
payments which will leave net cash flows at E3.0bln for the week.
** For further details please see the MNI Eurozone Issuance Profile & Cash Flow
Matrix: https://emedia.marketnews.com/marketnewsintl/CFM250520pksm.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.