Duration-Intensive Bond Issuance Looms in Eurozone

Duration-intensive issuance is expected in the eurozone on Tuesday, with syndicated issues from Belgium and Italy, and bond auctions from the Netherlands and Austria. The issuance volume for Belgium’s new October 2034 OLO is estimated to be EUR6 billion, while Italy could issue EUR12 billion through the launch of new February 2031 BTP and a EUR5 billion tap of the October 2053 BTP. The Netherlands offers EUR2 billion-EUR2.5 billion in the January 2030 DSL, while Austria reopens February 2033- and October 2053-dated bonds for just over EUR2 billion.