Free Trial

Supply This Week Estimated At E21.3bln vs E9.5bn Last Week

EUROZONE ISSUANCE
MNI (London)

Germany, Italy and Belgium issue bonds this week in the Eurozone. MNI estimate
supply of E21.3bn compared to E9.5bn last week.

  • RECAP: Belgium was the first to come to market with a sale of the 0.80%
    Jun-25OLO and 0.90% Jun-29 OLO for E2.008bn on Monday.
  • SUPPLY DUE: On Tuesday Italy will auction the 0.40% May-30 BTPEi for
    E0.75-1.0bn and the May-22 CTZ for E2.75-3.25bn. Germany will follow with
    a tap of the 0% Nov-27 bund for E4bn. On Wednesday Germany will return to
    auction the 0% May-35 Bund for E3.5bn. Italy will similarly return to the
    market for a second time on Thursday to auction M/L-Term BTPs with
    details TBA.
  • CASH FLOWS: E45.0bn in redemptions and E9.8bn of coupon payments
    will leave net cash flows at E-33.6bn of the week.

                  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.