There was E17.25bln of issuance...>

EUROZONE ISSUANCE: There was E17.25bln of issuance in the past week. Expect

something similar in the coming week although duration is higher. MNI expects a

total of E17.9bln 

ISSUANCE: On Tuesday, Austria sells E1.38bln combined of RAGB 0.5% 2027 and

E4.15% 2037. On Wednesday, Germany sells E3bln of Obl 0% Oct-22. On Thursday,

Spain sells SPGB 0.4% Apr-22, SPGB 1.45% Oct-27, SPGB 2.35% Jul-33 nominals and

a SPGBei Nov-27 linker. France follows close on its heels with E8-9bln OAT 1%

May-27, OAT 1.25% May-36, OAT4.5% Apr-41 and OAT 4% Apr-60.

CASH FLOW: There are no redemptions until a big chunk appears on Sep 15. No

large coupons are due, just 1bln from Germany. Thus, upcoming supply has little

support and net supply is E16.9bln.

**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: http://tinyurl.com/h7trj4x