Free Trial

Eurozone T-bill issuance...>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance is expected to increase to
E19.5bln next week versus E12.436bln issued this week, with Germany, France,
Italy and Spain scheduled to come to the market. 
- SUPPLY: All the supply is scheduled for the beginning of the week with Italy
up first with launch of a new 12-month Feb 14, 2019 BOT for E6.5bln on Monday.
Also on Monday Germany launch a new 6-month Aug 15, 2018 Bubill for up to
E3.0bln. Then in the afternoon France issue new 3-month May 16, 2018 BTF for
between E2.9-E3.3bln, tap 6-month Jul 4, 2018 BTF for between E1.1-E1.5bln and
12-month Jan 30, 2019 BTF for between E0.9-E1.3bln. On Tuesday Spain re-open
6-month Aug 17, 2018 Letra and issue new 12-month Feb 15, 2019 T-bill with size
announced on Monday but expected to be for up to E4bln.
- REINVESTMENT FLOWS: T-bill redemptions next week are due from France
E6.945bln, Germany E2bln, Italy E6.548bln and Spain E7.692bln, turning net cash
flow negative to the tune of E3.7bln vs +E490mln this week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

To read the full story

Close

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.