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Bill issuance is...........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Bill issuance is concluded for the week, totalling
E12.2bln versus E11.2bln last week, and below the E14.3bln weekly average in
2019. 
- RECAP: On Monday morning, Germany allotted E1.4bln of of 3-month Jun 19, 2019
Bubill (total E2bln sold). On Monday afternoon, France sold three BTFs for
E4.8bln: E2.6bln of 3-month Jun 26, 2019 BTF, E01.1bln of new 6-month Aug 28,
2019, and E1.1bln of 12-month Feb 26, 2020 BTF. On Wednesday, Italy concluded
bill issuance for the week, selling E6bln of new 6-month Sep 30, 2019 BOT.
- CASH FLOW: This week's issuance is largely offset by scheduled redemptions of
E13.7bln, which comprises E4.8bln from France, E6.0bln from Italy, and E2.9bln
from the Netherlands. This will leave cash flow at net negative E1.5bln, versus
positive E6.4bln last week.
** For full details, please see MNI Eurozone T-Bill auction calendar

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