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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.
The full document is available via the link below:
July Outlook
- The MNI Markets team expects gross issuance to be around E32bln lower in July than June. We look for E138bln of gross issuance (E41bln net).
- This would be a similar gross issuance amount to July 2020, but net issuance will be higher with smaller redemptions due.
- In addition to the NGEU and EFSM syndications from the EU, we look for syndications from France (30-year), Italy, the EFSF and possibly Austria. Finland and/or Belgium could potentially issue in USD.
Contents
- See page 2 for a comparison of issuance with last year for both June and H1.
- See pages 3-12 for country-by-country overviews of issuance so far this year, plans for the rest of the fiscal year and MNI's expectations of July issuance for each country.
- See pages 13-14 for overviews of the 2021 calendar year in comparison to 2020.
- See page 15-24 for bond and T-bill auction calendars for 2021.
- See page 25-27 for a schedule of coupons and redemptions by country for 2021.
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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