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

See the full document here for a look ahead to the next two weeks of issuance, a recap of this week and a summary of Austria's 2026 funding plan.

• We release an update to last week's publication including the Italian calendar update and additional summaries of 2026 funding plans.
• Austria and Italy will look to hold conventional auctions in the upcoming week.
• We pencil in issuance of E5.6bln 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 E15.6bln, versus negative E15.1bln this week.
• We also summarise 2026 funding plans from Austria, Belgium, France and Slovakia.