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Issuance is expected to....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Issuance is expected to total E13.3bln this week Vs
E8.7bln last week. Greece are yet to come to market.
- RECAP: Issuance began on Monday with Germany tapping the Apr 10 2019 Bubill
for E1.2bln. Later Monday, France sold May 2 2019, Jul 3 2019, and Jan 2 2019
BTFs for a combined total of E4.99bln. On Tuesday Italy sold E6.5bln in 6-month
Jul 31 2019 BOTs. 
- ISSUANCE: Weekly bill issuance concludes on Wednesday with Greece tapping the
Aug 2 2019 bill for E0.625bln.
- CASH FLOWS: With E20.7bln in redemptions scheduled for this week, net cash
flow comes in at negative E7.37bln Vs positive E3.23bln last week.

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