Free Trial

Bill Supply for W/C 13 December, 2021

EUROZONE T-BILL ISSUANCE
MNI (London)

Germany, the Netherlands, France, Spain and Belgium are all due to issue bills this week. We look for issuance from first round operations of E15.6bln, down from E25.9bln last week.

  • On Monday morning, Germany allotted E2.216bln of the 3-month Mar 23, 2022 bubill and E930mln of the 12-month Dec 14, 2022 bubill. Both auctions were weak with issuance volumes of E3bln.
  • The Netherlands also come to the market Monday morning, selling a combined E1.70bln of DTCs against an issuance target of E1-3bln: E980mln the1.5-month Jan 28, 2022 DTC, E330mln of the 3.5-month Mar 30, 2022 DTC and E390mln of the 5.5-month May 30, 2022 DTC.
  • Monday afternoon, France sold E4.345bln of BTFs against a E3.5-4.7bln target: E2.348bln of the new 13-week Mar 16, 2022 BTF, E999mln of the 20-week May 4, 2022 BTF and E998mln of the 50-week Nov 30, 2022 BTF.
  • This morning, Spain will look to E1-2bln of letras. On offer will be 3-month Mar 4, 2022 letras and 9-month Sep 9, 2022 letras.
  • Also this morning, Belgium will look to sell E1.8-2.2bln of TCs: an indicative E800mln of the 4-month Mar 10, 2022 and E1.2bln of the Nov 10, 2022 TC.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.