MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Today's 10-year NGEU syndication to be followed up in June

EUROZONE ISSUANCE
  • Just a reminder that the NGEU will issue its first syndicated bond today under the NGEU programme with a 10-year maturity.
  • Note that the maximum size of NEGU syndications are E20bln, but expectations are generally that the transaction will be around E10-12bln in size.
  • In terms of pricing, our policy team has been told to expect pricing to probably be available around 16:30CET/15:30BST.
  • Most SURE transactions priced between 15:25-16:24 UK time.
  • An EU source told our policy team yesterday "the borrowing would be followed by a further comparable issue Iater in June and another in July." Previously, we had known there would be three transactions before the end of July, but we did not know a second transaction was planned for June.
  • The EU Commission is expected to approve several National Recovery Plans this week, but the official said that it made sense to borrow now and to build up resources ready for disbursement in July, once member states have also approved the national plans. "In the meantime, we could build up a buffer and we could accumulate some money. We have time to carry out some transactions and raise some resources and then by the time disbursement is due we have something to start with", the official added.
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.