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Total EGB issuance this week is...>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Total EGB issuance this week is estimated by MNI to be
E21.7bln, well up from E9.8bln last week.
- RECAP: On Monday, Slovakia allotted 0.09bln of 1.00% Jun-28 SLOVGB and
E0.09bln of of 1.625% Jan-31 SLOVGB. Also Monday, Belgium sold E0.8bln of 0.50%
Oct-24 OLO, E1.3bln of 0.90% Jun-29 OLO, and E1.0bln of 1.25% Apr-33 OLO. On
Wednesday, German allotted E3.2bln of 5-year benchmark 0.00% Bobl Apr-24.
- ISSUANCE: On Thursday, Spain re-opens three bonds for a combined total of
between E3-4bln: 0.05% Oct-21 Bono, 1.45% Apr-29 Obli, and 4.90% Jul-40 Obli.
France concludes the week`s issuance later Thursday. AFT will sell a combined
E7.5-9.0bln in 4 nominal OATs: 0.00% Feb-22 OAT, 0.00% May-22 OAT, 0.00% Mar-24
OAT, and 1.00% Nov-25 OAT. An hour later, France sells E1.5-2.5bln of new 0.10%
Mar-29 OATei linker.
- CASH FLOW: With no redemptions due and only E0.8bln in coupons, net cash flow
will come in at positive E20.9bln this week, versus negative E17.2bln last week.
** For full details, please see MNI Eurozone bond auction calendar
* Cash Flow Matrix: https://emedia.marketnews.com/CFM180319.pdf

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