ITALY AUCTION PREVIEW: On offer next week

Mar-22 16:40

The MEF have announced that they will look to sell the following bonds at its 5/10-year BTP and CCTeu auction next Wednesday (Mar 27)

  • E3.0-3.5bln of the 3.35% Jul-29 BTP (ISIN: IT0005584849)
  • E1.0-1.25bln of the 3.85% Dec-29 BTP (ISIN: IT0005519787)
  • E3.0-3.5bln of the 3.85% Jul-34 BTP (ISIN: IT0005584856)
  • E1.0-1.5bln of the 1.15% Oct-31 CCTeu (ISIN: IT0005554982)

Historical bullets

US TSYS: US TSY 1Y-11M FRN AUCTION: HIGH MARGIN 0.200%; ALLOTMENT 38.83%

Feb-21 16:32
  • US TSY 1Y-11M FRN AUCTION: HIGH MARGIN 0.200%; ALLOTMENT 38.83%
  • US TSY 1Y-11M FRN AUCTION: DEALERS TAKE 34.18% OF COMPETITIVES
  • US TSY 1Y-11M FRN AUCTION: DIRECTS TAKE 0.21% OF COMPETITIVES
  • US TSY 1Y-11M FRN AUCTION: INDIRECTS TAKE 65.61% OF COMPETITIVES
  • US TSY 1Y-11M FRN AUCTION: BID/CVR 2.99

US TSYS: US TSY 17W BILL AUCTION: HIGH 5.215%(ALLOT 91.51%)

Feb-21 16:31
  • US TSY 17W BILL AUCTION: HIGH 5.215%(ALLOT 91.51%)
  • US TSY 17W BILL AUCTION: DEALERS TAKE 34.80% OF COMPETITIVES
  • US TSY 17W BILL AUCTION: DIRECTS TAKE 4.64% OF COMPETITIVES
  • US TSY 17W BILL AUCTION: INDIRECTS TAKE 60.57% OF COMPETITIVES
  • US TSY 17W BILL AUCTION: BID/CVR 2.97

BONDS: MS Month-End Extensions: Euro Above Average, US Tsys Below

Feb-21 16:28

A couple of Month-End Extension notes from Morgan Stanley:

  • Euro Govies: +0.109yr (above average - Germany to extend the most)
  • US Tsys: +0.092yr (below average)
  • UK Govies: To contract