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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 E11.5bln allocated by France and Italy vs E13.2bln last week. 
- RECAP: To recap issuance for this week, on Monday afternoon, France allotted
E2.994bln in tap of 3-month BTF, E998mln in tap of 6-month BTF and E997mln of a
new 12-month BTF. On Wednesday ITaly sold E6.5bln of a new 6-month BOT
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E6.995bln, Netherlands E3.82bln and Italy E6.5bln turning net cash flow negative
to the tune of E5.8bln vs +E3.4bln last week.
- SCHEDULE: Issuance next week is estimated to remain steady at around E11bln
with supply from the Netherlands, France, Belgium, Greece and the ESM.

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