Free Trial

Total EGB issuance this week is...>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Total EGB issuance this week is estimated by MNI to be
E22.4bln, 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. 
- ISSUANCE: On Wednesday, German re-opens 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 E21.6bln 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.