Today, Italy will hold the supplementary round of its 5/10-year BTP / CCTeu auction to conclude issuance for the week. Already this week, the EFSF and Spain held syndications while the EU, Belgium, Germany and Italy held auctions. We look for issuance of E36.2bln for the week (excluding retail), down from E39.0bln 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
- The Netherlands is scheduled to hold a DDA and Italy launch a BTP Valore while Germany, Spain and France hold conventional auctions and Belgian an ORI auction in the W/C 2 March. We look for issuance of E33.4bln for the week.