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Next week's scheduled gross.......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Next week's scheduled gross issuance picks up from this
week's modest E7.2bln total to a chunky E31bln by MNI calculations. 
RECAP: On Tuesday, in strong auctions, Austria sold E1.15bln of RAGB 0% Sep-22
and RAGB 0.5% Apr-27 and Germany sold E0.5bln of the Bund linker 0.5% 2030. On
Wednesday, Germany sold E3.0bln of Obl 0% Oct-22 with modest demand and Portugal
also also saw tepid demand for E1.25bln of PGB 4.125% Apr-27. On Thursday,
Ireland finished off weekly supply with E1.25bln of Irish 1% 2026 and 2% 2045. 
NEXT WEEK: Ital start on Monday with 3, 7 and 15Y on Monday and also sells a BTP
Italia, which concludes on Wednesday. The Dutch sell 10Y on Tuesday, German 2Y
and 10Y on Wednesday and Thursday. Spain and France do usual bi-monthly auctions
on Thursday.
CASH FLOWS: There is 23bln of Italian redemptions on Monday and small coupons.
Net supply is around E8.3bln. 
**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

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