Global Rates Strategy Weekly Supply Preview

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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.