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Bill supply for W/C Jan 25, 2021

EUROZONE

Germany, France, Italy and Greece are all due to sell T-bills this week. We estimate supply of E17.3bln, less than the E23.5bln sold last week.

  • Germany will kick off issuance for the week this morning with E4bln of the new 12-month Jan 19, 2022 bubill on offer.
  • This afternoon will see France sell E4.3-5.5bln of BTFs. On offer will be E2.5-2.9bln of the new 13-week Apr 28, 2021 BTF, E1.0-1.4bln of the 22-week Jun 30, 2021 BTF and E0.8-1.2bln of the 46-week Dec 15, 2021 BTF.
  • Wednesday will see Italy come to the market to sell the new 6-month Jul 30, 2021 BOT for E7bln.
  • Also on Wednesday, Greece looks to sell E625mln of the new 26-week Jul 30, 2021.
For more details see the MNI Eurozone/UK T-bill auction calendar here.

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