Free Trial

Bill Supply for W/C Mar 14, 2022

MNI (London)

Issuance for the week is complete, with Germany, France, the ESM, Portugal and the EU having all sold bills. Issuance at first round operations was E14.5bln, around half of the E29.1bln raised last week.

  • Germany kicked off issuance Monday selling E3.0bln (E1.757bln allotted) of the 6-month Sep 21, 2022 bubills.
  • France then sold E5.692bln of BTFs (top of the target range): E2.898bln of the 12-week Jun 9, 2022 BTF, E1.697bln of the new 23-week Aug 24, 2022 BTF and E1.097bln of the 49-week Feb 22, 2023 BTF.
  • On Tuesday, the ESM sold E1.070bln of new 6-month Sep 22, 2022 bills.
  • Portugal came to the market on Wednesday, selling E1.75bln (top of the target range) of BTs: E500mln of the new 6-month Sep 23, 2022 BT and E1.25bln of the new 12-month Mar 17, 2023 BT.
  • The EU also sold bills on Wednesday, concluding eurozone issuance for the week, selling close to the total E3.0bln of EU-bills on offer: E1.995bln of the 3-month Jun 3, 2022 EU-bill and E998mln of the 6-month Sep 9, 2022 EU-bill.

To read the full story



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.