Free Trial

In a holiday shortened first......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: In a holiday shortened first week of the year, supply could
be around E18.25bln, above the E9.4bln that Italy sold by itself in the final
week of trading in 2017.
- RECAP: Ireland sold 4bln of a new long 10Y via syndication on Wednesday.
- ISSUANCE: On Thursday Spain sells E3-4bln SPGB 0.45% Oct-22, SPGB 1.45%
Oct-27, SPGB 2.9% Oct-46 and E0.5-1.0bln SPGBei 1% Nov-30. Also, on Thursday
France sells E8-9bln of OATs 0.75% May-28, 1.25% May-36 and 2% May-48. Slovenia
has announced a new 10Y via syndication in the near future.
- CASH FLOWS: There is a E20bln German redemption on 4 Jan and E3.1bln of
additional German coupon payments. Thus net supply is negative at E9.7bln. Also,
the ECB APP began at a lower E30bln monthly pace alongside reinvestment of
redemptions.
**For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: http://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/ybnzlygd

To read the full story

Close

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.