Free Trial

/ ESM BILL PREVIEW: The....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: / ESM BILL PREVIEW: The European Stability Mechanism
(ESM) issue a new 6-month Jan 24, 2019 Bill for E2.0bln on Tuesday.
- RV: According to Tradeweb the grey market is indicating a mid-yield of around
-0.528% which is a spread of -16.8bps versus EONIA and currently a pick up of
0.6bp versus the old 6-month Dec 20, 2018 Bill.
- HISTORY: For comparison at the last 6-month Bill issued on Jun 19, the ESM
sold E1.9805bln at an average yield -0.5805% and cover of 3.2 times. Prior to
this, on May 22 auction, the ESM sold E2bln at an average yield of -0.5847% and
bid-to-cover of 2.7 times. 
- TIMING: The auction will close at 1130GMT, with results announced by Germany's
Bundesbank shortly afterwards.

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.