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Bill issuance totalled.....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Bill issuance totalled E19.4bln this week, versus
E15.3bln last week. Eight countries came to market.
- RECAP: On Monday, Germany kicked off sales for the week, allotting E1.7bln of
6-month Aug 14, 2019 Bubills. Later Monday, France sold a total of E4.9bln in
BTFs: E2.6bln of 3-month Jun 13, 2019, E0.9bln of 5-month Jul 31, 2019, E0.5bln
of 6-month Sep 11, 2019, and E0.9bln 12-month Feb 26, 2020. On Tuesday, Spain
sold E0.3bln in 3-month Jun 14, 2019 Letra and E1.05bln of 9-month Dec 6, 2019
Letra. Also that morning, Italy sold E6.5bln of new 12-month Mar 13, 2020 BOT.
Later Tuesday, Slovenia sold 3-month Jun 13, 2019, 6-month Sep 12, 2019, and
12-month Mar 12, 2020 bills for a combined E0.15bln. Finally, on Tuesday,
Belgium sold E3.8bln of TCs: E1.1bln of 2-month May 9, 2019 TC, E0.9bln of
3-month Jul 11, 2019 TC, and E1.8bln of 12-month Mar 12, 2020 TC. 
- On Wednesday, Greece sold new 12-month Mar 13, 2020 bills for E0.813bln. On
Thursday, Ireland sells E0.5bln of 12-month Mar 16, 2020 bills.
- CASH FLOW: With E12.3bln in redemptions this week (mainly France and Italy),
net cash flow will come in at positive E7.4bln, vs negative E4.8bln last week.

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