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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.
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EUROZONE ISSUANCE:.........>
EUROZONE T-BILL ISSUANCE: EUROZONE ISSUANCE: Eurozone T-bill issuance has been
completed for this week with E11.638bln allocated by Spain, the Netherlands,
France and ESM vs E8.834bln last week.
- RECAP: To recap issuance for this week, on Tuesday Spain re-opened 3-month
Letra for E730mln and E1.22bln in a re-opening of a 9-month Letra. The
Netherlands then allotted E1.18bln in 2.5-month DTC and E1.11bln in 5.5-month
DTC. The ESM then sold E2.0bln in a 6-month Bill. In the afternoon France issued
new 3-month BTF for E3.199bln, tapped 6-month BTF for E1.199bln and tapped
12-month BTF for E1.0bln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E6.928bln
and ESM E1.493bln turning net cash flow positive to the tune of E3.22bln vs
-E10.15bln last week.
- SCHEDULE: Issuance next week is estimated to modestly rise to E13bln with
supply from Germany, France and Italy.
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.