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Eurozone bill issuance.....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone bill issuance this week will totalled
E19.7bln Vs E10.5bln last week. Germany, France, Spain, Slovenia, Italy, and
Belgium all came to market. 
- RECAP: Monday morning saw Germany tap a 6-month Bubill for E2.5bln, with
France allotting E4.3bln in 3, 6, 9, and 12-month BTFs later Monday afternoon. 
A multitude of auctions on Tuesday was kicked off when Spain tapped the 6-month
Aug 16, and 12-month Feb 14 2020 Letras for E4.25bln. 
Later Tuesday Italy issued E6.5bln selling 12-month Feb 14 2020 BOTs. 
Later still on Tuesday Belgium issued the 3-month May 9, and 12-month Jan 16 TCs
for E2.0bln. 
Issuance was then wrapped up for Tuesday and indeed the week when Slovenia
tapped the 3-month May 16, 6-month Aug 14, and 12-month Feb 13 bills for a
combined E0.18bln. 
- CASH FLOWS: With E23.6bln in redemptions due this week, cash flow will come in
at an estimated negative E3.9bln, versus positive E1.2bln last week.

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