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Bill Supply for W/C 6 December, 2021 (1/2)

EUROZONE T-BILL ISSUANCE
MNI (London)

Germany, the Netherlands, France, Spain, Belgium the ESM, Greece and Italy are all due to sell bills next week. We look for E27.6bln of issuance at first round operations, up from E15.1bln this week.

  • Germany will kick off issuance for the week on Monday by selling E3bln each of the 5-month May 18, 2022 bubill and the 11-month Nov 23, 2022 bubill.
  • Also Monday morning, the Netherlands will sell E1-2bln each of the Mar 30, 2022 DTC and the new May 30, 2022 DTC.
  • Monday afternoon, France looks to sell up to E5.0bln of 12/21/47/51-week BTFs: E1.8-2.2bln of the 12-week Mar 2, 2022 BTF, E0.8-1.2bln of the 21-week May 4, 2022 BTF, E0-0.4bln of the 47-week Nov 2, 2022 BTF and E0.8-1.2bln of the new 51-week Nov 30, 2022 BTF.

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