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Bill supply for W/C Jan 18, 2021: Recap

EUROZONE T-BILL ISSUANCE

On Monday, Germany, the Netherlands and France kicked off issuance for the week on Monday selling a combined E13.6bln. On Tuesday, Spain and the ESM sold bills for a further combined E7.7bln.

  • Germany allotted E4.867bln of bubills: E2.381bln of the 3-month Apr 14, 2021 bubill and E2.486bln of the 9-month Oct 27, 2021 bubill. Issuance volumes for both were E3bln.
  • The Netherlands sold E1.62bln of DTCs: E820mln of short Apr 29, 2021 DTCs and E800mln of long Jun 29, 2021 DTCs.
  • France sold E5.981bln BTFs, the top end of the E4.4-6.0bln target. E2.493bln of 12-week Apr 14, 2021 BTFs, E1.496bln of 23-week Jun 30, 2021 BTFs, E0.696bln of 45-week Dec 1, 2021 BTFs and E1.296bln of 47-week Dec 15, 2021 BTFs.
  • Spain sold a combined E6.151bln of letras vs a E5.5-6.5bln target: E1.025bln of 3-month Apr 16, 2021 letras and E5.126bln of 9-month Oct 8, 2021 letras.
  • The ESM sold E1.5bln of 6-month Jul 22, 2021 bills.

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