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Bill supply for W/C Mar 15, 2021: Upcoming

EUROZONE T-BILL ISSUANCE

The ESM, Portugal and Ireland are all still due to issue bills this week. We estimate a further E3.75bln will be sold, bringing the weekly total through first round auctions to E18.1bln will be sold, lower than the E24.9bln sold last week.

  • This morning, the ESM looks to sell E1.5bln of the new 6-month Sep 23, 2021 bill.
  • Tomorrow, Portugal looks to sell a total of E1.25-1.50bln with the 6-month Sep 17, 2021 BT and the new 12-month Mar 18, 2022 BT on offer.
  • Ireland will conclude issuance for the week on Thursday, reopening the 5-month Aug 23, 2021
    ITB for E750mln.
For details of upcoming T-bill auctions see the MNI Eurozone/UK T-bill auction calendar here.

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