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EUROZONE T-BILL ISSUANCE: W/C September 23, 2024

EUROZONE T-BILL ISSUANCE

Germany, France, Austria, Greece and Italy are all due to sell bills this week. We expect issuance to be E20.5bln in first round operations, up from E17.8bln last week.

  • This morning, Germany will sell E2bln of the 5-month Feb 19, 2025 bubill and E2bln of the 11-month Aug 20, 2025 bubill.
  • This afternoon, France will look to issue up to E8.0bln of12/16/28/50-week BTFs: E3.1-3.5bln of the 12-week Dec 18, 2024 BTF, E0.3-0.7bln of the 16-week Jan 15, 2025 BTF, E1.6-2.0bln of the new 28-week Apr 9, 2025 BTF and E1.4-1.8bln of the 50-week Sep 10, 2025 BTF.
  • Tomorrow, Austria will come to the market to sell E1bln of the 4-month Jan 30, 2025 ATB and E1bln of the new 7-month Apr 24, 2025 ATB.
  • On Wednesday, Greece, will issue E500mln of the new 26-week Mar 28, 2025 GTB.
  • Finally on Thursday, Italy will end the week by selling a new 6-month BOT. Details will be announced later today.

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Germany, France, Austria, Greece and Italy are all due to sell bills this week. We expect issuance to be E20.5bln in first round operations, up from E17.8bln last week.

  • This morning, Germany will sell E2bln of the 5-month Feb 19, 2025 bubill and E2bln of the 11-month Aug 20, 2025 bubill.
  • This afternoon, France will look to issue up to E8.0bln of12/16/28/50-week BTFs: E3.1-3.5bln of the 12-week Dec 18, 2024 BTF, E0.3-0.7bln of the 16-week Jan 15, 2025 BTF, E1.6-2.0bln of the new 28-week Apr 9, 2025 BTF and E1.4-1.8bln of the 50-week Sep 10, 2025 BTF.
  • Tomorrow, Austria will come to the market to sell E1bln of the 4-month Jan 30, 2025 ATB and E1bln of the new 7-month Apr 24, 2025 ATB.
  • On Wednesday, Greece, will issue E500mln of the new 26-week Mar 28, 2025 GTB.
  • Finally on Thursday, Italy will end the week by selling a new 6-month BOT. Details will be announced later today.

Keep reading...Show less