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With the German 10Y auction done,.........>

EGB FLOWS
EGB FLOWS: With the German 10Y auction done, issuance will go through a small
lull with only Italy scheduled to issue next week. In total, MNI calculates that
Eurozone sovereigns are 32% of the way through their 2018 funding plans, and we
are 22% of the way through the year. 
- Total issuance is 2368bln in nominal terms and E273.5bln in cash terms. 
- Leading issuers are Portugal (44%), Belgium (42%) and Ireland (39%). Germany,
Italy and France are each around 30% of the way through their funding.

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