Free Trial

There is no Sovereign bond........>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: There is no Sovereign bond issuance scheduled Tuesday,
although the ESM is expected to open books for a new 5-yr Euro syndication deal.
Overall issuance is estimated to come in at E11bln vs E17.65bln last week.
- ISSUANCE: Still to come this week on Wednesday, Germany sells a new Oct-23
Bobl for E4.0bln. On Thursday, Italy concludes EGB issuance for the week with
tap of Mar 30, 2020 CTZ for E1.5-E2.0bln and 1.30% May-28 BTPei for
E0.75-E1.25bln.
- RECAP: Belgium kicked off issuance on Monday, allotting E705mln 0.50% Oct-24,
E1.112bln OLO, 0.80% Jun-28 OLO, E1.171bln 1.45% Jun-37 OLO, and E618mln 2.15%
Jun-66 OLO.
- CASH FLOWS: There are redemptions of E9.2bln and coupons of E3.0bln this week
(almost entirely from France), leaving cash flow negative by E1bln, slightly
less negative compared with -E4.8bln last week.
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: https://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/y7qhuwh2

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.