4th Quarter German Issuance Calendar has been released Quick Comment: The big change is the increase in the 2y issuance (2.5% Sep 2006) by 2bn on 13Oct04. This may be a continuing feature given the fiscal overshoot in Germany and the desire to reduce duration by the DMA. Auction Date Issue Volume 6Oct04 Re-opening of BOBL 145 (3,5% Oct09) Around 5 BN EUR 13Oct04 Re-opening of BKO 2.5% Sep06 Around 8 BN EUR 17Nov04 Re-opening of BOBL 145 (3,5% Oct09) Around 5 BN EUR 24Nov04 New Issue DBR Jan2015 Around 8 BN EUR 8Dec04 New Issue BKO Dec06 Around 7 BN EUR