Free Trial

Bill Supply for W/C Apr 4, 2022 (1/2)

EUROZONE T-BILL ISSUANCE
MNI (London)

Germany, the Netherlands, France, Spain, Belgium and the ESM have sold bills for this week for a total E22.1bln. Greece and the EU are due to sell a further estimated E3.6bln this week. We estimate a total in first round auctions at E25.7bln for the week, up from E17.4bln last week.

  • Germany kicked off issuance for the week on Monday, selling E3bln (E2.770bln allotted) of the 3-month Jul 20, 2022 bubill and a further E3bln (E2.410bln allotted) of the 9-month Jan 18, 2023 bubill issued.
  • The Netherlands issued E2.64bln (vs E2.0-4.0bln target range) of 3/6/7-month DTCs on Monday: E1.11bln of the 3-month Jun 29, 2022 DTC, E350mln of the 6-month Sep 29, 2022 DTC and E1.18bln of the new 7-month Oct 28, 2022 DTC.
  • Also on Monday, France sold E5.314bln of 13/20/22/50-week BTFs against an upper target of E5.4bln: E2.994bln of the new 13-week Jul 6, 2022 BTF, E925mln of the 20-week Aug 24, 2022 BTF, E399mln of the 22-week Sep 7, 2022 BTF and E997mln of the 50-week Mar 22, 2023 BTF.

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.