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Greece comes to the........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Greece comes to the Eurozone T-bill issuance market
Wednesday with issue of a new 13-week Jun 8, 2018 T-bill for E1bln. Issuance is
now estimated to total E19.2bln versus E15.453bln issued last week.
- RECAP: To recap issuance so far this week, the Netherlands issued new 6-month
DTB for E1.58bln. In the afternoon France allotted E3.698bln in tap of 3-month
BTF, E1.692bln tap of a 6-month BTF and E1.498bln of a new 12-month BTF. On
Tuesday Spain allotted E440mln in 6-month Letra and E4.483bln of a new 12-month
Letra. Belgium allotted E995mln in 4-month BTC and E1.802bln of a new 12-month
BTC. The ESM the sold E1.9956bln in new 3-month Bills.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E7.442bln, Belgium E3.735bln, Spain E8.691, Greece E1.6bln and the ESM
E1.498bln, turning net cash flow negative to the tune of E3.8bln vs -E3.5bln
last week.

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