Sovereign bond issuance in the....>

EUROZONE ISSUANCE: Sovereign bond issuance in the Eurozone this week is

scheduled from Austria, Germany, the Netherlands & syndicated deal from Ireland

- supply is estimated to come in at E16.15bln vs E14.684bln sold last week.

- ISSUANCE: Heavy slew of supply is due on Tuesday with the Netherlands due to

re-open DSL 0% Jan-24 for between E1.5bln-E2.5bln. Austria taps 10-year

benchmark 0.75% Feb 2028 RAGB and 20-year RAGB 4.15% Mar 2037 for up to

E1.15bln. Germany 10-year linker Bundei 0.10% Apr 2026 for up to E500mln. On

Wednesday, Germany re-opens 30-year benchmark Bund 2.5% Aug-46 for up to

E1.5bln. Italy conducts its medium-long auctions on Thursday - new 3-year BTP

0.05% Apr 2021, tap 7-year BTP 1.45% May 2025, 20-year BTP 2.95% Sep 2038 and

30-year BTP 3.45% Mar 2048 for between E7.25bln-E9.25bln.

- CASH FLOWS: Minor coupons from Germany for E0.1bln and redemption from Germany

for E17bln - turns net cash flow to around -E1bln. 

** 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/h7trj4x