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Free AccessEurozone T-bill issuance...>
EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance is expected to fall slightly
to E18bln this week versus E19.321bln issued last 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 this 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
last week.
To read the full story
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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.