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Bill Supply for W/C Jan 10, 2022: Upcoming

EUROZONE T-BILL ISSUANCE

Spain, Belgium, the ESM and Italy are all still due to sell bills this week and we look for a further E16.0bln of issuance. On top of the E11.9bln we have already seen this would leave issuance from first round operations at E27.9bln, up from E17.3bln last week

  • Spain will kick off this morning's issuance with E5-6bln combined of 6-month Jul 8, 2022 letras and new 12-month Jan 13, 2023 letras on offer.
  • Also this morning, Belgium will look to sell E2.8-3.2bln of TCs: an indicative E1bln of the 4-month May 12, 2022 TC and an indicative E2bln of the new 12-month Jan 12, 2023 TC.
  • The ESM will conclude today's issuance by selling E1.1bln of the new 12-month Jan 12, 2023 bill.
  • Italy will conclude Eurozone bill issuance for the week on Wednesday with E6.5bln of the new 12-month Jan 13, 2023 BOT on offer.

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