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Belgium is last to come....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Belgium is last to come to market this week, which
will see an estimated E7.7bln in supply.
- RECAP: The Netherlands sold E1.45bln of 6-month Mar 29, 2019 DTC Monday.
France sold 3-month 9 Jan 2019 BTF for 2.793bln, 6-month 13 March 2019 BTF for
E1.025bln and 12-month 11 September 2019 BTF for E0.897bln as well on Monday.
- ISSUANCE: Belgium re-opens the 3-month Jan 10, 2019 T Bill for an estimated
E1.5bln on Tuesday.
- REINVESTMENT FLOWS: Redemptions from France (E6.74bln), Greece (E1.4bln), and
the ESM (E1.99bln) will leave cash flows negative to the tune of E2.5bln.
** For full details of forthcoming issues, see Eurozone T-Bill auction calendar.

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