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Eurozone T-bill issuance...>

EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance is expected to fall slightly
to E18bln next week versus E19.321bln issued this week, with Italy, Germany,
France, Spain, Greece and Ireland scheduled to come to the market. 
- SUPPLY: Italy kicks off issuance on Monday with launch of a new 12-month Mar
14, 2019 BOT for between E6.5bln. Germany then re-open 5-month Aug 15, 2018
Bubill for up to E2.0bln. In the afternoon France issue new 3-month Jun 13, 2018
BTF for between E3.5-E3.9bln, tap 6-month Aug 1, 2018 BTF for between
E1.5-E1.9bln and tap 12-month Feb 27, 2019 BTF for between E1.0-E1.4bln. On
Tuesday Spain re-open 3-month Jun 15, 2018 Letra and 9-month Dec 7, 2018 Letra
with size announced on Monday, but expected to be for up to E2bln. On Wednesday
Greece launch a new 52-week Mar 15, 2019 T-bill for E625mln. Finally Ireland is
expected to launch a new 12-month T-bill for E500mln on Thursday.
- REINVESTMENT FLOWS: T-bill redemptions next week are due from France
E5.841bln, Germany E2.0bln, Italy E6.5bln, Greece E1.6bln and Portugal
E2.531bln, turning net cash flow negative to the tune of E0.5bln vs -E3.65bln
this week.

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