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EUROZONE T-BILL ISSUANCE: W/C September 16, 2024

EUROZONE T-BILL ISSUANCE

The ESM, Portugal and the EU are all still due to sell bills this week, whilst Germany, the Netherlands and France issued bills yesterday. We expect issuance to be E18.0bln in first round operations, down from E26.0bln last week.

  • Today, the ESM will sell up to E1.1bln of the new 6-month Mar 20, 2025 bills.
  • Tomorrow, Portugal will sell a shared E0.75-1.00bln of the 6-month Mar 21, 2025 BT and the new 12-month Sep 19, 2025 BT.
  • Finally tomorrow, the EU will end the week by issuing up to E1.5bln of the 3-month Dec 6, 2024 EU-bill and up to E2.0bln of the 6-month Mar 7, 2025 EU-bill.
     

For more on future auctions see the full MNI Eurozone/UK T-bill auction calendar here.

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The ESM, Portugal and the EU are all still due to sell bills this week, whilst Germany, the Netherlands and France issued bills yesterday. We expect issuance to be E18.0bln in first round operations, down from E26.0bln last week.

  • Today, the ESM will sell up to E1.1bln of the new 6-month Mar 20, 2025 bills.
  • Tomorrow, Portugal will sell a shared E0.75-1.00bln of the 6-month Mar 21, 2025 BT and the new 12-month Sep 19, 2025 BT.
  • Finally tomorrow, the EU will end the week by issuing up to E1.5bln of the 3-month Dec 6, 2024 EU-bill and up to E2.0bln of the 6-month Mar 7, 2025 EU-bill.
     

For more on future auctions see the full MNI Eurozone/UK T-bill auction calendar here.