MNI EGB Supply Daily - 5 May, 2026

Austria and Germany will both look to hold auctions today while Germany will return on Wednesday and Spain, France and Belgium will all look to issue later in the week. We look for gross issuance of E30.2bln for the week, in line with the E30.2bln last week. There is also the potential for syndications this week, see page 2 for more details – we expect Portugal to be amongst the most likely this week.

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• Austria will kick off auction issuance for the week this morning with an RAGB auction. On offer will be a combined E1.4375bln of the 3.45% Oct-30 RAGB (ISIN: AT0000A38239) and the on-the-run 10-year 3.20% Feb-36 RAGB (ISIN: AT0000A3RVH9). These are the same two lines that were sold in the April auction (with large demand).
• Germany will look to hold a Green auction, also this morning, with E1.0bln of the 2.10% Apr-29 Green Bobl (ISIN: DE000BU35025) on offer alongside E500mln of the 2.50% Feb-35 Green Bund (ISIN: DE000BU3Z047).