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Free AccessFrance, Italy and Greece...>
EUROZONE T-BILL ISSUANCE: France, Italy and Greece will be the only issuers of
T-bills next week with supply of E11.4bln expected compared to E14.2bln last
week:
- ISSUANCE: France will seek to raise E3.2-4.8bln on Monday through sales of the
3-month Nov 27, 2019 BTF (E2.1-2.5bln), 6-month Jan 15, 2020 (E0.4-0.8bln),
12-month Apr 22, 2020 BTF (E0-0.4bln) and the 12-month Aug 12, 2020 BTF
(E0.7-1.1bln). Italy will come to market on Wednesday to issue BOTs with supply
estimated at E6.0-6.5bln.
- CASH FLOWS: There are E16.8bln in redemptions next week with the largest being
Italy (E6.0bln), France (E4.0bln) and the Netherlands (E4.0bln). This will leave
cash flow at negative E4.02bln.
** For full details please see MNI Eurozone T-Bill auction calendar
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.