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BTP TECHS

(M1) Clears Key Support

GILT TECHS

(M1) Gains Considered Corrective

SCHATZ TECHS

(M1) Needle Points South

BOBL TECHS

(M1) 50-day EMA Remains Intact

BUND TECHS

(M1) Bearish Focus

AUSTRALIA DATA

Australia Mar Retail Sales +1.3% M/M; -0.5% Q/Q

Germany, France, Italy.....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Germany, France, Italy and Slovakia will issue T-bills
this week. We estimate supply of E14.3bln.
- ISSUANCE: Slovakia will kick off issuance for the week with a E200mn tap of
Jan 27, 2021 bills on Monday. On the same day Germany will auction the Aug 5,
2020 bubill for E1.5bln. France will then sell a combination of 3-/6-/12-month
BTFs for E3.4-6.1bln. Italy will then sell 6-month BOTs on Friday with details
yet to be announced. 
- CASH FLOWS: There will be E5.8bln in redemptions which will leave net cash
flows at E8.5bln for the week.
** For further details please see MNI Eurozone T-Bill Auction Calendar
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com