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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Germany, France, Italy,....>
EUROZONE T-BILL ISSUANCE: Germany, France, Italy, Spain, the Netherlands,
Belgium, Greece and the ESM are due to issue T-bills this week. We now estimate
supply of E37bn compared to E12.9bn last week.
- RECAP: Germany kicked off issuance for the week allotting E2.64bn of 6-month
bubills against a target of E4bn on Monday. The Netherlands then sold E1.66bn
3-month DTCs and E2.01bn 10-month DTCs against a target of E2-4bn. France
concluded Monday's issuance selling E4.0bn of 3-month BTFs, E2.5bn of 6-month
BTFs and E2.4bn of 12-month BTFs. On Tuesday, Spain sold E1.01bn of 6-month
letras and E6.0bn of 12-month letras. On the same day, Belgium sold E1.0bn
3-month TCs and E1.1bn 6-month TCs while the ESM sold E2.0bn of 3-month bills.
Greece sold E812.5mn of 3-month bills on Wednesday.
- ISSUANCE: Italy will conclude issuance for the week on Friday with E7.5bn of
12-month BOTs maturing Jul 14 2021 and E2.5bn of Flexible BOTs maturing Dec 14.
- CASH FLOWS: There will be E38.3bn in redemptions which will leave net cash
flows at E-1.3bn for the week.
** For further details please see MNI Eurozone T-Bill Calendar.
To read the full story
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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.