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Why MNI
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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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Issuance for 2019 has been announced at.......>
ITALY: Issuance for 2019 has been announced at around EUR251bn (ex BOTs) with
EUR201bn covering redemptions (which are EUR17bn more than 2018) plus around
EUR50bn to cover current expenditure (this EUR50bn is still to be confirmed).
- 3-5y nom BTP: Overall issuance roughly same as in 2018. Positive net issuance
of 3y and negative net issuance of 5y.
- 7-10y nom BTP: 7y higher gross but lower net issuance than 2018. 10y
marginally negative net issuance.
- 15+y nom BTP: Gross issuance similar to 2018, net positive issuance.
- BTPei: Flat net issuance, gross issuance around EUR19bn.
- CTZ: EUR23bn maturing in 2019. Given the strong demand for CTZs through the
last few months of 2018 it is noted that net issuance of CTZ could be net
positive in 2019.
- CCTeu: Only one bond to mature in 2019 with value of EUR12.5bn (roughly half
the amount that matured in 2018). To keep liquidity in the market, there is also
expected to be net positive issuance of CCTeu.
- BTP Italia: No redemptions, positive net issuance.
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.