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Greece comes to the........>
EUROZONE T-BILL ISSUANCE: Greece comes to the Eurozone T-bill issuance market
Wednesday with issue of a new 13-week May 11, 2018 T-bill for E875mln. Issuance
is now estimated to total E12.3bln versus E14bln issued last week.
- RECAP: To recap issuance so far this week, on Monday the Netherlands issued
new 6-month DTC for E1.46bln. In the afternoon France allotted E3.293bln in tap
of a 3-month BTF, E1.495bln tap of a 6-month BTF and E1.294bln of a new 12-month
BTF. On Tuesday Belgium allotted E500mln in 4-month BTC and E1.26bln in 12-month
BTC. The ESM then issued new 3-month Bill for E1.996bln
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E6.063bln, Belgium E2.984bln, ESM E1.498bln and Greece E1.4bln, turning net cash
flow positive to the tune of E350mln vs -E5.7bln last week.
** For full details of forthcoming issues, please see 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.