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Bill sales are finished....>

EUROZONE T-BILL ISSUANCE: Bill sales are finished for the week, totalling
E20.3bln, compared with E10.4bln last week.
- RECAP: Germany kicked off issuance on Monday, selling E3.0bln of new 6-month
Apr 10, 2019 Bubill. Later on Monday, France sold a total of E4.796bln in
3-/6-/12-month T-bills, including E2.9bln of Jan 9, 2019 BTF, E1bln of Mar 13,
2019 BTF, and E0.9bln of Sep 11, 2019 BTF. On Tuesday, Spain sold E0.71bln of
6-month April 5, 2019 letra and E3.896bln of the 12-month Oct 11, 2019 letra.
Also on Tuesday, Belgium sold E1.1bln of the 12-month Sep 12, 2019 T-Bill. On
Wednesday, Italy sold new 12-month Oct 14, 2019 BOT for E6bln, and Greece sold
E0.8125bln of new 3-month Jan 11, 2019 bills (of which E0.625bln were allotted
to competitive bidders).
- REINVESTMENT FLOWS: Bill redemptions this week are set to total E27.5bln
(highlighted by Germany E7bln and Spain and Italy around E6bln each) which will
leave cash flow negative by around E7.2bln, compared with net positive E0.2bln
last week.
** For full details of forthcoming issues, see Eurozone T-bill auction calendar

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