Issuance activity: Tomorrow, MinFin is scheduled to auction CZK1.0bn of 2043 floaters and EUR500mn of 161-day T-Bills. In April, MinFin plans to issue CZK23.0bn after CZK15.0bn in March, while Q2 overall issuance in primary auctions remains at CZK85.0bn. Overall, MinFin finds itself in a relatively comfortable position with CZK99.5bn issued in primary actions in 1Q25. Moreover, MinFin has sold an additional CZK9.7bn and EUR250.0mn of bonds in the secondary market ytd.