Weekly Supply Monitor: Euro, US, and UK Supply Outlook

Research evidence excerpt

Weekly Supply Monitor: Euro, US, and UK Supply Outlook

ate Country Nominal Size Issue Details DV01 Approx. Number 10yr Futures

(Local Ccy, bn) $million/bp TYU6 (UST) G U6 (Gilt) RXU6 (Bund)

04 Aug (Tue) Austria 1.75 RAGBs (date confirmed, estimated tenor and size) 1.4 12k

04 Aug (Tue) Germany 6.0 Schatz 2.7% Sep28 (issue and size confirmed) 1.4 12k

04 Aug (Tue) UK 4.75 New Treasury Gilt March 2032 (issue confirmed, estimated size) 2.6 20k

05 Aug (Wed) Germany 1.5 Green Bunds (date confirmed, estimated issue and size) 1.5 13k

06 Aug (Thu) France 9.0 >8.5yr OATs (date confirmed, estimated issue and size) 10.6 93k

06 Aug (Thu) Spain 6.0 Bonos (date confirmed, estimated tenor and size) 4.3 37k

06 Aug (Thu) Spain 0.5 SPGBei (date confirmed, estimated tenor and size) 0.5 5k

07 Aug (Fri) Belgium 0.5 ORI-OLOs (date and size confirmed, estimated tenor) 0.4 4k

Weekly $DV01 of Issuance 22.6

Total Number of Futures Contracts 0k 20k 176k

Date Country Nominal Size Issue Details DV01 Approx. Number 10yr Futures

11 Aug (Tue) Finland 1.5 RFGBs (date confirmed, size €1-1.5bn) 1.6 14k

11 Aug (Tue) Germany 6.0 Bobl Oct31 (issue and size confirmed) 3.0 26k

11 Aug (Tue) US 58.0 3-Year 12.7 197k

12 Aug (Wed) Germany 2.5 Bunds including 1.8% Aug53 (€1.5bn) - issue and size confirmed 4.6 40k

12 Aug (Wed) UK 1.0 IL35 (issue confirmed, estimated size) 1.1 9k

12 Aug (Wed) US 42.0 10-Year 33.1 512k

13 Aug (Thu) Italy 3/7/>15yr BTPs - we expect this auction to be cancelled

13 Aug (Thu) US 25.0 30-Year 38.6 597k

Weekly $DV01 of Issuance 94.6

Total Number of Futures Contracts 1306k 9k 81k

Data break-down in above table may be incomplete due to legal reasons. For EGBs, estimated auction sizes include non-competitive allocations and might exceed

announced ranges.