MNI INTERVIEW: German FDI In China To Remain Robust Next Year

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI EGB Issuance, Redemption and Cash Flow Matrix - W/C Oct 30

  • Italy, Germany, Spain, France and Belgium are all due to issue in the week ahead. We pencil in gross nominal issuance of E29.5bln, up from E21.1bln this week.
  • The week ahead sees redemptions of E33.3bln: largely due to a formerly 10-year Spanish Obli for E21.1bln and a formerly 30-year Italian BTP for E12.0bln.
  • Coupon payments for the week total E13.2bln of which E8.7bln are Spanish and E4.3bln Italian.
  • This leaves net flows for the week an estimated negative E16.3bln versus negative E50.6bln this week.

For more see the PDF here:

EZ231030.pdf

Week Ahead Supply

  • Italy will kick off issuance for the week on Tuesday with a 5/10-year BTP / CCTeu auction with a combined total of up to E8.75bln on offer: E1.0-1.5bln of the off-the-run 2.20% Jun-27 BTP (ISIN: IT0005240830), E2.0-2.5bln of the on-the-run 5-year 4.10% Feb-29 BTP (ISIN: IT0005566408), E3.0-3.5bln of the on-the-run 10-year 4.20% Mar-34 BTP (ISIN: IT0005560948) and E1.00-1.25bln of the 0.80% Oct-28 CCTeu (ISIN: IT0005534984).
  • Germany will also come to the market on Tuesday with E1bln of the 1.80% Aug-53 Green Bund (ISIN: DE0001030757) on offer.
  • Germany will return to the market on Wednesday with E3bln of the 2.40% Nov-30 Bund (ISIN: DE000BU27006) on offer.
  • Spain will look to hold a Bono / Obli / ObliEi auction on Thursday with the on-the-run 5-year 3.50% May-29 Bono (ISIN: ES0000012M51), the off-the-run 0.70% Apr-32 Obli (ISIN: ES0000012K20), the on-the-run 30-year 1.90% Oct-52 Obli (ISIN: ES0000012K46) and the 0.70% Nov-33 Obli-Ei (ISIN: ES0000012C12) all on offer. The auction sizes will be announced on Monday.
  • France will then come to the market to hold a LT OAT auction with on-the-run 10/30/50-year OATs on offer alongside the 20-year Green OAT for a total of E9.5-11.0bln: the 3.50% Nov-33 OAT (ISIN: FR001400L834), the 3.00% May-54 OAT (ISIN: FR001400FTH3), the 0.50% May-72 OAT (ISIN: FR0014001NN8) and the 0.50% Jun-44 Green OAT (ISIN: FR0014002JM6).
  • Belgium will complete issuance for the week on Friday with an ORI operation. Up to E500mln of off-the-run OLOs is likely to be on offer.
HomepageGlobal IssuanceGlobal Issuance - EurozoneMarkets
HomepageGlobal IssuanceGlobal Issuance - EurozoneMarkets

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.