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Eurozone T-bill issuance...>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance is expected to fall to
E11.5bln this week versus E14.269bln issued last week, with France and Italy
scheduled to come to the market. 
- SUPPLY: On Monday afternoon France tap 3-month Feb 21, 2018 BTF for between
E3.1-E3.5bln, issue new 6-month May 9, 2018 BTF for between E1.0-E1.4bln and tap
12-month Nov 7, 2018 BTF for between E0.7-E1.1bln. On Tuesday, Italy launch a
new 6-month May 31, 2018 BOT for E5.5bln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E6.316bln, the Netherlands E3.51bln and Italy E6.0bln, turning net cash flow
negative to the tune of E4.3bln vs +E6.68bln last week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

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