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

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Bill issuance is completed for the week, with France
and Greece the only sellers. Sales totalled E5.7bln, the smallest amount of the
year so far, well down from E10.6bln last week and the 2019 weekly average of
E14.0bln.
- RECAP: On Monday, France sold E4.6bln in 3-/5-/6-/12-month BTF: E2.4bln of
3-month Jul 24, 2019 BTF, E0.7bln of 5-month Sep 25, 2019 BTF, E0.4bln of
6-month Oct 9, 2019 BTF, and E1.1bln of 12-month Apr 22, 2020 BTF. On Tuesday,
Greece sold E1.1bln of 6-month Nov 1, 2019 bills.
- CASH FLOW: There are E17.5bln in bill redemptions this week, including for
issuers France (E6bln) and Greece (E1.4bln). This will leave net cash flow at
negative E11.6bln, vs positive E4.7bln last week.
** For full details, please see MNI Eurozone T-Bill auction calendar

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