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Free AccessEurozone T-bill issuance...>
EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance is expected to fall to
E13.1bln this week versus E18.4bln issued last week. Germany, France, Spain and
Portugal are scheduled to come to the market.
ISSUANCE: Supply comes from Germany on Monday with the sale of E2bln of the new
6-month Feb 14 Bubill. Later the same day, France sells a new 3-month Nov 15,
2017 BTF for between E2.7-E3.1bln, taps the 6-month Jan 17, 2017 BTF for between
E1.2-E1.6bln and taps 12-month Jul 18, 2018 BTF for between E0.6-E1.0bln. On
Wednesday, Spain issues 6m and 12m bills, with approximate sizes of E0.7bln and
E3.75bln respectively. Wednesday also brings 3m (17 Nov) and 11m (20 Jul)
Portuguese auctions for between E0.75-1.0bln.
CASHFLOWS: In terms of reinvestment flows, T-bill redemptions reach E21.9bln
this week and are due from Italy E6.6bln, Germany E2bln, Spain E8.2bln and
France E5.1bln, turning net cash flow negative to the tune of E8.8bln.
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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.