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Recap from last night. Italy......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Recap from last night. Italy announced a new CTZ that will be
sold at its auction on Thursday 26th. The Treasury will sell E2.5-3.0bln of the
new CTZ Oct 30, 2019 alongside 0.75-1.25bln of the BTPei 1.3% May 28.
- A new CTZ marginally dampens chances of the much speculated 20Y BTP syndicated
deal this week, although admittedly the market is much less talkative on this
topic now.

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