MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 8 Dec

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• Austria and Italy will look to hold conventional auctions in the upcoming week.
• We pencil in issuance of E7.8bln for the week, down from E17.8bln this week.
• The upcoming week will see a redemption of E19.0bln from a German Schatz.
• Coupon payments for the week total E2.2bln of which E1.1bln are from the EU and E1.0bln German.
• This leaves estimated net flows for the week at negative E13.4bln, versus negative E15.1bln this week.
• We also summarise Austria's 2026 funding plan.