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Free AccessEurozone T-bill issuance...>
EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance has been completed for this
week with E20.9bln allocated by Germany, France, Spain, Belgium, Italy and
Greece vs E11.66bln last week.
- RECAP: To recap issuance for this week, on Monday Germany allotted E1.56bln in
a tap of Dec 5, 2018 Bubill. In the afternoon France allotted E2.997bln tap of
3-month BTF, E996mln of a new 6-month BTF and E793mln tap of a 12-month BTF. On
Tuesday Spain allotted E555mln 6-month Letra and E4.175bln of a new 12-month
Letra. Belgium then allotted E1.14bln in 4-month T-bills and E1.86bln in a new
12-month T-bill. On Wednesday Italy sold E6bln 12-month BOT and Greece launched
a new 13-week T-bill for E812.5mln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E7.38bln,
Belgium E5.997bln, Spain E7.1bln, Greece E1bln and Italy E6.75bln turning net
cash flow negative to the tune of E7.36bln vs +E1.33bln last week.
- SCHEDULE: Issuance next week is estimated to fall to around E12bln with supply
from the Netherlands, France, Spain and ESM.
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.