Free Trial

Bill Supply For W/C Jul 19, 2021

EUROZONE T-BILL ISSUANCE

Eurozone T-bill issuance has concluded for the week with Germany, the Netherlands, France, the ESM and Portugal having sold E17.2bln in first round operations, marginally higher than last week's E16.9bln.

  • Germany issued E6bln of 5/11-month bubills on Monday: issuance volumes had been indicated at E3bln for each of the tenors, but due to the demand structure, the issuance volume of the 5-month was reduced to E2.5bln and the 11-month increased to E3.5bln. E2.114bln of the Dec 15, 2021 bubill was allotted and E3.431bln of the Jun 22, 2022 bubill.
  • The Netherlands sold E2.49bln of the 3.5-month Oct 28, 2021 DTC on Monday morning, the top end of the E1.5-2.5bln target range.
  • France concluded Monday's issuance, selling E6.169bln of BTFs against a E5.1-6.3bln range: E2.875bln of the 13-week Oct 13, 2021 BTF, E1.297bln of the 22-week Dec 15, 2021 BTF and E1.997bln of the new 51-week Jul 13, 2022 BTF.
  • On Tuesday, the ESM sold E1.492bln of the new 6-month Jan 20, 2022 bill.
  • Portugal concluded the week's issuance on Wednesday selling E1bln of the new 12-month Jul 22, 2022 BT.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.