Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others, all of which I advise you to consult directly. I found Unicredit’s to be the most complete and accurate freely available one, so I present it to you below (many thanks to them and specially to Nikolaus Kei for compiling this).
The main events for the coming week are a the PMI releases, on Monday, the meeting of the governing council of the ECB and (among others) the Spanish sovereign bond auction on Wednesday. The PMI’s will give analysts an insight into the performance of the economy, separate from GDP estimates and the ECB council is set to provide insights about the out of the intervention of the ECB. No MRO rate change is expected. The Spanish bond auction will be a crucial event for sovereign bond markets. It will follow two relatively unsuccessful bill auctions (here and here) and will provide an insight into the fiscal stability of Spain, in particular, and the periphery in general.
Find below the sovereign debt auctions scheduled to take place this week:
Monday, April 2:
- Bulgaria is scheduled to auction BGN 10Bn in 10 year sovereign bonds.
- Lithuania is scheduled to auction an undisclosed amount in sovereign bonds.
Wednesday, April 4:
- The Czech Republic is scheduled to auction CZK 5 Bn to CZK 8Bn in 11 year sovereign debt bonds.
- France is scheduled to auction € 7 bn to € 8.5 Bn in 6, 10, 15 and 30 year sovereign debt bonds.
- Germany is scheduled to auction €4 Bn in 5 year sovereign bonds.
- Spain is scheduled to auction sovereign bonds with maturing in 2015, 2016 and 2020.
- Sweden is scheduled to auction SEK 2.5 Bn in sovereign bonds maturing in 2022.
Thursday, April 5:
- Week Ahead Calendar: 20/01/2012 to 27/01/2012 – Schedules and Hopes