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Free AccessEstimated T-Bill...........>
EUROZONE T-BILL ISSUANCE: Estimated T-Bill issuance slows to a still-robust
E13.4bln this week, from E21.6bln last week.
- RECAP: On Monday, the Netherlands sold E2.47bln of DTC, including E1.30bln of
3-month Nov 30, 2019 and E1.17bln of the 6-month Feb 28, 2019. Also Monday,
France sold a total of E4.99bln in 3-/6-/12-month T-bills: E2.798bln of Dec 12
2018 BTF, E1.097bln of Feb 13 2019 BTF, and E1.095bln of Sep 11 2019 BTF.
- SUPPLY: On Tuesday, Spain re-opens 3-month Dec 7, 2018 Letra and 9-month Jun
14, 2019 Letra for between E1.5-2.5bln. Then on Tuesday, the ESM sells new
6-month Mar 21, 2019 bills for up to E2bln. On Wednesday, Portugal re-opens
6-month Mar 22, 2019 T-bill and sells new 12-month Sep 20, 2019 T-bill for a
combined E1.50-1.75bln. On Thursday, Ireland sells E500mln of new 12-month Sep
23, 2019 bills.
- REINVESTMENT FLOWS: Redemptions this week are set to total E5.1bln which will
leave cash flow positive by around E8.5bln, compared with net negative E6.4bln
last week. ** For full details of forthcoming issues, see Eurozone T-bill
auction calendar.
To read the full story
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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.