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Eurozone bill issuance.....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone bill issuance this week will total E16.6bln
Vs E10.5bln last week.
Germany, France, Spain, Slovenia, Italy, and Belgium are all expected to come to
market. 
- ISSUANCE: Monday morning sees Germany tap a 6-month Bubill for E3.0bln, with
France coming to market in the afternoon for E2.7-4.3bln in 3, 6, 9, and
12-month BTFs. 
Tuesday is kicked off when Spain tap the market with 6 and 12-month letras. 
Later Tuesday Slovenia will tap 6 and 12-month bills for a combined E0.14bln. 
Still Tuesday Italy look for E6.5bln selling 12-month BOTs.
Issuance is wrapped up on Tuesday when Belgium issue 3 and 12-month OLOs for
E2.0bln.      
- CASH FLOWS: With E23.6bln in redemptions due this week, cash flow will come in
at an estimated negative E7.0bln, versus positive E1.2bln last week.

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