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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 E18.7bln 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. 
On Tuesday Belgium came to market selling the 3-month May 9 2019, and 6-month
Jul 11 2019 T-Bills for a combined E2.05bln. Later Tuesday the ESM allotted
E2.0bln in new 3-month Apr 4 2019 T-bills. 
Wednesday saw the turn of Greece to auction T-bills, allotting E0.81bln in
3-month Apr 12 2019 Bills. 
- ISSUANCE: Thursday sees Italy wrap up weekly T-bill issuance when they tap a
12-month BOT for a volume of E7.0bln. 
- CASH FLOWS: With E17.5bln in redemptions scheduled for this week, net cash
flow is estimated to come in at positive E1.22bln Vs negative E4.8bln last week.

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