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Bill supply for W/C Jan 25, 2021


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.

    • 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.
  • RECAP:
    • Germany kicked off issuance for the week on Monday allotting E3.596bln of the new 12-month Jan 19, 2022 bubill against an issuance volume of E4bln.
    • Also Monday, France sold E5.490bln of BTFs vs a target of E4.3-5.5bln: E2.895bln of 13-week Apr 28, 2021 BTFs, E1.399bln of 22-week Jun 30, 2021 BTFs and E1.196bln of 46-week Dec 15, 2021 BTFs
For more details see the MNI Eurozone/UK T-bill auction calendar here.

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