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EUROZONE T-BILL ISSUANCE: W/C September 2, 2024

EUROZONE T-BILL ISSUANCE

Greece and the EU are both due to sell bills this week, whilst Germany, the Netherlands, France, Spain, Belgium and the ESM have already come to the market. We expect issuance to be E24.1bln in first round operations, up from E21.0bln last week.

  • Today, Greece will sell E500mln of the new 52-week Sep 5, 2025 GTB.
  • Also today, 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 new 6-month Mar 7, 2025 EU-bill. Note that we haven't had an upper size limit for any EU-bill line since the auction in March 2022 - so this has the potential to be a much larger-than-usual EU-bill auction. 

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

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