Total EGB auction sales this......>

EUROZONE ISSUANCE: Total EGB auction sales this week are estimated at E14.9bln,

versus E15.8bln last week. Next up this week are Finland, Spain, and France. 

- RECAP: On Tuesday, Austria sells a combined E1.38bln of re-opened RAGBs: 0.50%

Feb-29 RAGB and 2.40% May-34 RAGB. Also on Tuesday, Germany allotted E0.4bln of

0.50% Apr-30 BundEi linkers.

- ISSUANCE: On Wednesday, Finland comes to market, selling E1.0bln of 0.50%

Sep-29 RFGB. Thursday, Spain sells nominal and linker bonds: between E2.0-3.0bln

combined of 0.05% Oct-21 Bono and 0.25% Jul-24 Bono, and between E0.25-0.75bln

of 1.00% Nov-30 BonoEi. Also Thursday, France sells between E7.5-9.0bln of OATs

(all re-opens): 2.75% Oct-27 OAT, 0.50% May-29 OAT, 1.25% May-36 OAT, and 1.50%

May-50 OAT.

- CASH FLOWS: With just E0.3bln in redemptions and E1.5bln in coupons (Italy)

due this week, cash flow will come in at positive E13.1bln, versus negative

E17.1bln last week.

** For full details, please see MNI Eurozone bond auction calendar, and MNI Cash

Flow Matrix: https://emedia.marketnews.com/CFM030619.pdf