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USDCAD TECHS

Watching The 50-Day EMA

AUDUSD TECHS

Bearish Focus

MONTH-END EXTENSIONS

Updated Barclays/Bbg Extension Estimates for US

US TSYS

Late Session Selling

Over the coming week, MNI.........>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Over the coming week, MNI expects E15bln in EGB issuance but
there is a small potential for that to be increased by syndicated issues. E15bln
is not far from the monthly average in 2017.  
ISSUANCE: Issuance begins on Wednesday with E3bln of the German Bund 0.5%
Aug-27. The remainder of the week's issuance is on Thursday with Spain selling a
new SPGB 0.45% Oct-22, SPGB 6% Jan-29 and SPGBei 1.8% Nov-24. Soon after France
sells E7.5-8.5bln of OAT 1% Nov-25, a new OAT 0.75% May-28 and OAT 2% May-48.
FLOWS: Cash inflows are minimal next week with E3.9bln from Spain on Monday and
just E0.2bln of coupon payments. Thus, net supply is 10.8bln. 
**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: http://tinyurl.com/h7trj4x