German bank: Spain is expected to take advantage of the calm eurozone market environment to issue 30-year bonds.

Spain plans to take advantage of the quiet window in the eurozone supply this week by issuing a 30-year government bond through a bank syndicate. Spain has hired multiple banks to issue this new batch of bonds maturing in October 2056. This bond will add a new maturity date point to the Spanish government bond yield curve, which currently has a gap between bonds maturing in October 2054 and October 2064. The rate strategist at Deutsche Bank predicts a trading volume of 7 billion euros. At the same time as this syndicate transaction, Italy will also auction off Italian government bonds maturing in February 2028, as well as inflation-linked bonds maturing in August 2031 and May 2036, with an auction size of 3.5 to 4.5 billion euros.