Free Trial

Bill Supply for W/C Mar 21, 2022 - Upcoming

EUROZONE ISSUANCE
MNI (London)

Germany, the Netherlands, France, Austria and Ireland are all due to sell bills in the upcoming week. We look for gross issuance at first-round operations of E13.8bln, just below the E14.5bln raised this week.

  • Germany will kick off issuance Monday with E3.0bln of the new 12-month Mar 22, 2023 bubills on offer.
  • The Netherlands will also come to the market Monday morning to sell E2.0-3.5bln of DTCs. On offer will be E1.0-1.5bln of the Short May 30, 2022 DTC, E1.0-1.5bln of the Long Jul 28, 2022 DTC and E0-0.5bln of the Long Aug 30, 2022 DTC.
  • France will come to the market on Monday afternoon, with a total of E4.2-5.8bln of BTFs on offer: E2.6-3.0bln of the new 13-week Jun 22, 2022 BTF, E0-0.4bln of the 20-week Aug 10, 2022 BTF, E0.6-1.0bln of the 22-week Aug 24, 2022 BTF and E1.0-1.4bln of the 48-week Feb 22, 2023 BTF.
  • On Tuesday, Austria will reopen E1.0bln of each of the 4-month Jul 28, 2022 ATB and the 7-month Oct 20, 2022 ATB.
  • Ireland is due to sell bills on Thursday, concluding Eurozone issuance for the week. Details will be announced on Monday. We expect a reopening of the 5-month Aug 22, 2022 IRTB for E750mln.

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.