Barclays: German financial authority’s third-quarter bond issuance schedule is not expected to undergo major adjustments

(1) Barclays rate strategists stated that it would be surprising if the upcoming third-quarter debt issuance schedule by Germany's Finance Agency shows significant changes compared to the preliminary plan. (2) The Germany Finance Agency is scheduled to release its quarterly financing assessment on June 25. Strategists pointed out that the agency previously stated the full-year 2026 issuance schedule is "very likely" not to require any major adjustments within the year. (3) The agency made no changes to the preliminary plan in its second-quarter financing schedule, further supporting this expectation.