Free Trial

Review 20Y Bond Auction Re-Open, On the Screws


Bearish Threat Remains Present


WI 20Y Bond Re-Open

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EUROZONE ISSUANCE: Issuance this week will total E17.7bln, v E22.6bln last week.
- RECAP: On Monday, Slovakia sold E0.1bln of 1.00% Jun-28 SLOVGB and E0.1bln of
0.75% Apr-30 SLOVGB. Also Monday, Belgium sold E3.2bln of OLOs: E0.8bln of 0.50%
Oct-24 OLO, E1.0bln of 0.90% Jun-29 OLO, E0.5bln of 1.90% Jun-38 OLO, and
E0.9bln of 2.15% Jun-66 OLO.
- ISSUANCE: On Wednesday, Germany sells E1bln of 2.50% Bund Aug-46. On Thursday,
Spain re-opens 0.05% Oct-21 Bono, 0.25% Jul-24 Obli, and 1.85% Jul-35 Obli for a
combined E3-4bln. Finally, France on Thursday sells both nominal and linker
OATs. It will sell between E7.5-9.0bln combined of 0.00% Feb-22 OAT, 0.00%
Mar-23 OAT, and 0.00% Mar-25 OAT. Later, it sells between E0.75-1.25bln of 0.25%
Jul-24 OATei, 0.70% Jul-30 OATei, and 0.10% Jul-47 OATei.
- CASH FLOW: This week sees E14.4bln in redemptions (nearly evenly split between
Austria and Ireland), plus E1.9bln in coupons. This will leave net cash flow at
positive E1.5bln, versus positive E1.0bln last week.
** For full details, please see MNI Eurozone bond auction calendar, and MNI Cash
Flow Matrix:

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.