MNI EGB Supply Daily - 11 March, 2026

Germany and Portugal will hold auctions today while Ireland and Italy will look to follow tomorrow. The EU held a syndication yesterday while Austria and Germany held auctions. We look for gross issuance of E29.6bln for the week, down from E40.6bln (ex-retail) last week.

For the full document with a recap of issuance so far this week and a look ahead to issuance through the remainder of this week and next week click here

• Germany will return to the market this morning with E5bln of the 10-year 2.90% Feb-36 Bund (ISIN: DE000BU2Z064) on offer.
• Portugal will hold an OT auction today for a combined E1.25-1.50bln. On offer will be the 2.875% Oct-33 OT (ISIN: PTOTEQOE0023) and the 3.00% Jun-35 OT (ISIN: PTOTEAOE0005).