Free Trial

Bill supply for W/C May 3, 2021

EUROZONE T-BILL ISSUANCE
Germany, the Netherlands, France, Spain, Belgium the ESM and Greece are all due to hold bill auctions next week. Supply came to E25.6bn for the week up from E18.1bln last week.
  • Germany was the first to issue on Monday morning with E6bln of bubills on offer: E3bln of each of the 3-month Aug 25, 2021 bubill and the 9-month Feb 23, 2022 bubill. E5.793bn was allotted.
  • Also Monday morning, the Netherlands sold a combined E2.9bn of the Aug 30, 2021 DTC and the new Oct 28, 2021 DTC.
  • On Monday afternoon France sold E6.59bn of BTFs (13w/20w/50w)
  • Spain came to the market on Tuesday morning and sold E6.15bn of 6- and 12-month letras
  • Also Tuesday morning, Belgium sold a combined E1.6bn of the Sep 9, 2021 TC and the Nov 11, 2021 TC.
  • The ESM then sold E1.5bln of new 3-month Aug 5, 2021 bills.
  • Greece rounded off issuance for the week on Wednesday with E812.5mln of the new 13-week Aug 6, 2021 GTB on offer.

For details of upcoming T-bill auctions seethe MNI Eurozone/UK T-bill auction calendar here.:
https://marketnews.com/data/calendar/europeanuk-government-t-bill-auction-calendar/

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.