Coupons & Redemptions:
At 09.30 BST, Spain will tap a 5y 1.15% 07/20, 10y 2.15% 10/25, & 30y 5.15% 10/44 SPGB for an estimated €6.0bn (equivalent to B35k) and tap a 9y 1.80% 11/24 Linker.
At 09.50 BST, France will tap a 8y 1.75% 05/23 OAT & 15y 2.50 05/30 OAT, and issue a new 10y 1.00% 11/25 OAT (equivalent to B69k).
Euribor & OTC:
At 08.55 BST, Germany will release Services PMI (Final) figures for August. Consensus expectations are unchanged at 53.6.
At 09.00 BST, the Eurozone will release Services PMI (Final) figures for August. Consensus expectations are unchanged at 54.3.
At 09.30 BST, the UK will release Services PMI figures for August. Consensus expectations are set at 57.7 (vs 57.4 prev)
At 10.00 BST, the Eurozone release Retail Sales figures for July. Consensus expectations have been seen set at +0.5% m/m (vs -0.6% m/m prev)
At 12.45 BST, the ECB announces their rate decision including the ECB Deposit Facility Rate, ECB Marginal Lending Facility, and ECB Main Refinancing Rate. Consensus expectations remain unchanged at -0.2%,+0.3%, and +0.05% respectively.
At 13.30 BST, the US will release Initial Jobless Claims for the week of August 29th, with consensus set at 275k (vs 271k prev). They will also release Trade Balance figures for July, with consensus set at -$42.2bn (vs -$43.8bn prev).
At 14.45, the US will release Services PMI for August, with consensus set at 55.0 (vs 55.2 prev).
At 15.00, the US will release ISM Non-Manufacturing for August, with consensus set at 58.2 (vs 60.3).
At 13.30 BST, ECB’s Draghi holds press conference following the ECB’s rate decision.