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Eurozone T-bill issuance...>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance has been completed for this
week with E11.386bln allocated by France and Italy versus E14.391bln issued last
week. 
- RECAP: To recap issuance for this week, on Monday afternoon France issued new
3-month BTF for E2.994bln, tapped 6-month BTF for E1.495bln and 12-month BTF for
E897mln. On Wednesday Italy issued new 6-month BOT for E6.0bln
- REINVESTMENT FLOWS: Redemptions this week are due from France E6.01bln,
Germany E1.5bln, Italy E6.5bln and the Netherlands E4.07bln turning net cash
flow negative to the tune of E6.68bln vs +E4.03bln last week.
- SCHEDULE: Issuance next week is estimated to fall to E9.5bln with supply from
the Netherlands, France, Belgium and Greece.

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