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Eurozone T-bill issuance...>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance is expected to pick up this
week taking market eurozone issuance to E14.3bln Vs E6.6bln last week.
Netherlands, France, Belgium and Italy are expected to come to market. 
- RECAP: Issuance began on Monday with the Netherlands allotting E1.5bln of the
6-month Jun-27, 2019 DTC. Later Monday France came to market selling a combined
E5.3bln of the Mar 4 2019, May 6 2019, May 8 2019, and Jan 2 2020 BTFs. 
- ISSUANCE: On Tuesday Belgium will come to market selling the 3-month May 9
2019, and 6-month Jull 11 2019 T-Bills. The targeted volume of issuance has not
yet been announced but MNI estimates E1.5bln. 
Thursday sees Italy wrap up weekly T-bill issuance when they tap a 12-month BOT.
MNI are expecting a volume of E6.0bln. 
- CASH FLOWS: With E17.5bln in redemptions scheduled for this week, net cash
flow is estimated to come in at negative E3.2bln Vs negative E4.8bln last week.

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