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Eurozone T-bill issuance...>

EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance is expected to fall to
E11.9bln next week versus E14.391bln issued this week, with only France and
Italy scheduled to come to the market. 
- SUPPLY: France is scheduled first on Monday afternoon with issue of a new
3-month Dec 28, 2017 BTF for between E2.6-E3.0bln, tap of 6-month Feb 14, 2017
BTF for between E1.1-E1.5bln and tap of 12-month Sep 12, 2018 BTF for between
E0.5-E0.9bln. On Wednesday Italy is expected to issue a new 6-month Mar 30, 2018
BOT with confirmation and size announced Friday evening but expected to be for
up to E6.5bln.
- REINVESTMENT FLOWS: T-bill redemptions next week are due from France E6.01bln,
Germany E1.5bln, Italy E6.5bln and the Netherlands turning net cash flow
negative to the tune of E6.18bln vs +E4.03bln this week.
** For full details of forthcoming issues, please see Eurozone T-bill auction

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