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Germany, France, Italy.....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Germany, France, Italy and the Netherlands will issue
T-bills this week. We estimate supply of E26.0bn compared to E24.4bn last week.
- RECAP: Germany allotted E6.93bn of 6- and 12-month bubills on Monday. The
Netherlands followed with a E3.48bn tap of 9- and 12-month DTCs. France then
concluded Monday's issuance with a sale of 3-/6-/12-month BTFs for E8.48bn.
- ISSUANCE: Italy will sell 6-month BOTs on Friday for E7bn.
- CASH FLOWS: There will be E8.3bn in redemptions which will leave net cash
flows at E17.7bn for the week.
** For further details please see MNI Eurozone T-Bill Calendar

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