Free Trial

Spain and France both come to.....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Spain and France both come to the Eurozone Government
issuance market Thursday.
- ISSUANCE: Spain is up first with re-opening of 0.35% Jul-23 Bono, 1.40% Jul-28
Obli, 2.70% Oct-48 Obli for between E4.0-E5.0bln, and 0.30% Nov-21 SPGBei for
between E250-E750mln. France then sell a combined E7.5-E8.5bln of OATs,
re-opening 0.75% Nov-28 OAT, 1.50% May-31 OAT, 1.25% May-34 OAT and 1.75% May-66
OAT. - RECAP: On Tuesday Austria tapped 0.00% Sep-22 RAGB and 0.75% Feb-28 RAGB
for E600mln and E500mln respectively. While Germany tapped E550mln of Bundei
0.50% Apr-30, and E200mln Bundei 0.10% Apr-46 linkers.
- CASH FLOWS: We estimate issuance of E13.5bln this week, vs total issuance of
E15.5bln last week. Given a paltry E1.15bln in redemptions and coupons, this
will leave cash flow positive by E12.4bln, versus positive E8.8bln last week.
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: https://tinyurl.com/y9jntvsw and MNI Eurozone Issuance
Profile: https://tinyurl.com/ydc3ygcz

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.