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Bill Supply for W/C Jan 10, 2022 (1/2)

EUROZONE T-BILL ISSUANCE

Germany, France, Spain, Belgium, the ESM and Italy are all due to sell bills this week. We look for issuance from first round operations of E27.4bln, up from E17.3bln last week.

  • Germany will kick off issuance this morning with E3bln of each of the 3-month Apr 21, 2022 bubill and the 9-month Oct 19, 2022 bubill on offer.
  • This afternoon will see France sell up to E5.9bln of BTFs: E2.2-2.6bln of the new 13-week Apr 13, 2022 BTF, E1.2-1.6bln of the 20-week Jun 1, 2022 BTF and E1.3-1.7bln of the 51-week Jan 4, 2023 BTF.

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