Free Trial

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

EUROZONE 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 
RECAP: On Tuesday, Austria sold E0.805bln of RAGB 0.5% 2027 and E0.575nln of
RAGB 4.15% 2037. On Wednesday, Germany successfully sold E3bln of Obl 0% Oct-22.
ISSUANCE: On Thursday, Spain sells E3.5-4.5bln of SPGB 0.4% Apr-22, SPGB 1.45%
Oct-27, SPGB 2.35% Jul-33 nominals and E0.25-0.75bln 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

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.