Global Rates Strategy Weekly Supply Preview

Research evidence excerpt

Global Rates Strategy Weekly Supply Preview

Global Research

17 July 2026ab

Global Rates Strategy Interest Rates

GlobalWeekly Supply Preview

Reinout De Bock

Strategist

Global supply next week: Euro area, US, UK, JP, AU & NZ reinout.de-bock@ubs.com

+44-20-7567 0152

Nominal supply is scheduled in the Euro area (EUR8bn), US (USD13bn), UK (~GBP6bn),

Japan (JPY0.3tn), Australia (AUD1.8bn) and New Zealand (expect NZD0.45bn). Linker Phoebe White

Strategistauctions are scheduled in US (USD21bn) & Australia (AUD0.15bn).

phoebe.white@ubs.com

+1-212-713 2130

EGB: gross supply of ~EUR8bn next week, ~EUR73bn cash due in next four

weeks Nic Guesnon, CFA

Nominal auctions: Germany (Tue: Bobl 10/31s for EUR6bn; Wed: Bund 5/47s & Bund nic.guesnon@ubs.com

5/41s for a total of EUR2bn). Cash flows: We expect a total of ~EUR12bn cash flows +61-2-9324 2192

next week as coupons and redemptions from Greece and Portugal.

Mustafa Oguz Caylan

UK: 3y UKT & Tender auctions scheduled next week mustafa.caylan@ubs.com

Next week, the UK DMO plans to tap UKT 4% May-29 for GBP5bn on Tue 21 Jul +44-20-7901 5203

followed by UKT Tender auction for an expected GBP1-1.25bn on Thu 23 Jul - details on Annalaura Capuano

Mon 20 Jun. Strategist

annalaura.capuano@ubs.com

US: 20y UST & 10y TIPS auctions scheduled next week +44-20-7567 1879

Next week, the UST plans to tap UST 5% May-46 for USD13bn on Wed 22 Jul followed

by new TIPS TII Jul-36 for USD21bn on Thu 23 Jul.

AU: 3y, 10y ACGB & 4y ACGBi auctions scheduled next week; NZ: expect NZGB

auction

Next week, AOFM plans to tap ACGB 2.75% Jun-35 for AUD0.9bn on Wed 22 Jul

followed by ACGBi 2.5% Sep-30 for AUD0.15bn on Thu 23 Jul followed by ACGB

3.25% Apr-29 for AUD0.9bn on Fri 24 Jul. Next week, the NZDMO plans to tap NZGB

for an expected NZD0.45bn on Thu 23 Jul.