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This Week’s Critical Government Bond Auctions, & Worries for Spain

Keep an eye on these government bond auctions, especially for Spain and Portugal, as a bad auction can provide the catalyst for further risk aversion:

June 9th:
09:00 GMT Germany: 2y Schatz Auction €6bn
09:30 GMT Portugal: 3y and 10y auctions €1.5bn
09:30 GMT UK: New 2020 Gilt £3.75bn
17:00 GMT US: 10y Note Auction $21bn

June 10th:
02:00 GMT Japan: 5y JGB Auction ¥2400bn
08:30 GMT Spain: New 3y SPGB Auction €4.5bn
17:00 GMT US: 30y Bond Auction $13bn

June 11th:
09:00 GMT Italy: 5y and long end BTP Auctions €7bn

*Data compiled by Barclays

Spain has a signiifcant amount of debt coming due in July, which won't go unnoticed by investors, especially if their upcoming auctions fair worse than expected:


Source: Bloomberg


Disclosure: No Positions