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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 E11.49bln allocated by France and Italy versus E14.269bln issued last
week. 
- RECAP: To recap issuance for this week, on Monday afternoon France allotted
E3.497bln tap of a 3-month BTF, E1.398bln of a new 6-month BTF and E1.095bln tap
of a 12-month BTF. On Tuesday Italy allotted E5.5bln of a new 6-month BOT.
- 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 E4.34bln vs +E6.68bln last week.
- SCHEDULE: Issuance next week is estimated to increase to E16.5bln with supply
from the Netherlands, France, Spain, Belgium, ESM and Greece.

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