Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The G7 net DV01 is projected to be $94.3 million per basis point, which is higher than the average of $72.3 million per basis point, indicating increased market activity [2][12] - In the euro area, net issuance is expected to be €14.6 billion over the next five weeks, with a total supply of €97.7 billion against €18.2 billion in coupons and €64.9 billion in redemptions [3][41] - The US is anticipated to issue $342 billion in the next five weeks, resulting in a net issuance of $94.3 billion after accounting for $29.1 billion in coupons and $218.6 billion in redemptions [5][44] Summary by Sections Government Bond Auctions - The upcoming week will see significant bond issuances across various countries, including $69 billion in 2-year UST, $70 billion in 5-year UST, and $44 billion in 7-year UST in the US [4][5] - In the UK, issuances include £1.7 billion in UKTi 1.125% Gilt 2035 and £3.25 billion in UKT 4.375% Gilt 2040 [4] - Japan will issue ¥2.6 trillion in 2-year JGB and ¥1 trillion in 20-year JGB [6] Supply Overview - The report outlines a detailed schedule of bond supply for the upcoming weeks, indicating a robust issuance plan across G7 countries [11][42] - The total cash flow for the euro area is projected to be negative, with significant redemptions expected to exceed new issuances [41] G7 Gross and Net Issuance - The G7 gross issuance figures show fluctuations, with the US leading in issuance amounts, followed by Japan and Canada [12][18] - The net issuance data indicates varying trends across countries, with the US showing a positive net issuance while the euro area reflects negative net issuance [18][20]