Free Trial

This week sees EGB issuance of....>

EUROZONE ISSUANCE: This week sees EGB issuance of E33.0bln Vs E28.4bln last
week, with Germany, Italy, Belgium, Greece and Austria coming to market.
RECAP: Issuance began on Tuesday with Germany tapping the market for E5.0bln in
0.00% Dec-20 Schatz. Also Tuesday, syndications included Greece selling 5-Yr
benchmark Apr-24 for E2.5bln, Austria selling 10-Yr benchmark Feb-29 for E5bln,
and Belgium selling 30-Yr Jun-50 OLO also for E5bln.
- ISSUANCE: On Wednesday, Italy who will sell both BTPs and CCTeu. They are
targeting E2.25-2.75bln of 2.45% Oct-23 BTP and E2.0-2.5bln of 2.80% Dec-28 BTP,
and a further E2.25-2.75bln of new Jan-25 CCTeu. Issuance is then wrapped up
later Wednesday when Germany come to market for the second time in a week,
offering the 0.25% Feb-29 Bund for E3.0bln.
- CASH FLOW: Cash returning to market this week totals E53.7bln (E41.2bln in
redemptions, E12.5bln in coupons) leaving total cash flow at -E20.7bln Vs
E28.3bln last week.
** For full details, please see MNI Eurozone bond auction calendar.
* Cash Flow Matrix:

To read the full story



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.