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Bill Supply for W/C Feb 21, 2022 - Recap

EUROZONE T-BILL ISSUANCE
MNI (London)

Eurozone issuance for the week was completed yesterday. Germany, the Netherlands, France, Austria, Greece and Italy all sold bills this week for a combined E20.0bln of gross issuance, up from E15.8bln last week.

  • Germany kicked off issuance for the week on Monday, selling E3.0bln (E2.845bln allotted) of new 12-month Feb 22, 2023 bubill.
  • The Netherlands also came to the market on Monday, selling E2.98bln of DTCs in total (versus a E2.0-3.0bln target range): E1.47bln of the short May 30, 2022 DTC and E1.51bln of the new long Aug 30, 2022 DTC.
  • Also on Monday, France sold E5.889bln of BTFs (top of the E4.7-5.9bln target range): E2.698bln of the new 13-week May 25, 2022 BTF, E1.696bln of the 22-week Jul 27, 2022 BTF and E1.495bln of the 48-week Jan 25, 2023 BTF.
  • On Tuesday, Austria came to the market, selling E1.0bln (E830mln allotted) of the 2-month Apr 28, 2022 ATB and a further E1.0bln (E710mln allotted) of the 5-month Jul 28, 2022 ATB.
  • On Wednesday, Greece sold E625mln of the new 26-week Aug 26, 2022 GTB.
  • Italy concluded bill issuance for the week yesterday, selling E5.5bln of the new 6-month Aug 31, 2022 BOT.

For more on future auctions see the MNI Eurozone/UK T-bill auction calendar.

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