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Bill Supply For W/C Nov 23

EUROZONE ISSUANCE
Germany, France and Italy will issue bills in the W/C Nov 23. We estimate supply of E16.0bn (form an initial estimate of E16.5bn) compared to E14.1bn last week.
  • RECAP: Germany allotted E2.58bn of the Apr 14, 2021 and Oct 27, 2021 bubills on Monday. France then sold a combination of 3-/6-/12-month BTFs for E6.986bn.
  • ISSUANCE: Italy will sell E6.0bn of 6-month BOTs on Thursday.
  • CASH FLOWS: E11.4bn in redemptions will leave net cash flows at E4.6bn for the week.
** For further details please see MNI Eurozone T-Bill Calendar

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