Free Trial

Total EGB issuance this week is...>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Total EGB issuance this week is estimated by MNI to be
E22.2bln, well up from E9.8bln last week.
- ISSUANCE: On Monday, Slovakia sells E0.1bln of 1.00% Jun-28 SLOVGB and E0.1bln
of 1.625% Jan-31 SLOVGB. Later that morning, Belgium comes to market, selling a
combined E2.5-3.0bln in 3 OLOs: 0.50% Oct-24 OLO, 0.90% Jun-29 OLO, and 1.25%
Apr-33 OLO. Attention then turns to Wednesday`s German auction of re-opened
5-year benchmark 0.00% Bobl Apr-24 for E4.0bln. On Thursday, Spain re-opens
three bonds: 0.05% Oct-21 Bono, 1.45% Apr-29 Obli, and 4.90% Jul-40 Obli. Amount
will be announced Mar 18, but MNI estimates E4-5bln. 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 E21.4bln 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

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.