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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Belgium comes to the Eurozone T-bill issuance market
Tuesday with re-opening of 3-month May 10, 2018 T-bill for between E0.9-E1.3bln.
Issuance is now estimated to total E14bln versus E9.441bln issued last week.
- SUPPLY: Still to come this week, on Wednesday Greece issue a new 26-week Aug
3, 2018 T-bill for E625mln.
- RECAP: To recap issuance so far this week, on Monday Italy issued new 6-month
BOT for E6.5bln. In the afternoon France allotted E2.693bln of a new 3-month
BTF, E1.496bln tap of a 6-month BTF and E1.295bln tap of a 12-month BTF. 
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E7.467bln, Italy E6.5bln, the Netherlands E4.75bln and Greece E1bln, turning net
cash flow negative to the tune of E5.7bln vs +E1.8bln last week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

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