Total EGB issuance this week is...>

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