MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 10 Nov

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• The Netherlands, Germany and Italy will look to hold auctions in the upcoming week.
• We pencil in issuance of E12.2bln for the week, down notably from E34.8bln this week.
• The upcoming week will see redemptions of just E0.4bln while coupon payments for the week will be negligible.
• This leaves estimated net flows for the week at positive E11.7bln, down from positive E15.7bln this week.