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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 E15.453bln allocated by Italy France, Belgium and Greece versus
E13.243bln issued last week. 
- RECAP: To recap issuance for this week, on Monday Italy issued a new 12-month
BOT for E6bln. In the afternoon France allotted E3.394bln in new 3-month BTF,
E1.696bln in tap of a 6-month BTF and E1.495bln tap of a 12-month BTF. On
Tuesday Belgium allotted E800mln in 5-month BTC and E930mln in 7-month BTC. On
Wednesday Greece sold E1.1375bln in 26-week T-bills.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E7.133bln, Italy E6.0bln, Greece E1.4bln and the Netherlands E4.38bln, turning
net cash flow negative to the tune of E3.6bln vs +E4.2bln this week.
- SCHEDULE: Issuance next week is estimated to be little changed at E16.1bln
with supply from the Netherlands, France, Spain, ESM, Greece and Belgium.

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