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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: It will be a relatively quieter week for Eurozone
T-bill issuance with just Germany, France and Greece scheduled to tap the
market. We estimate supply of E12.8bn compared to E27.0bln last week.
- ISSUANCE: Germany will be the first to issue with a sale of 12-month Bubills
for E4bn on Monday. France will then sell 3-/6-/12-month BTFs for E7.0-8.2bn.
Greece will conclude issuance for the week with an auction of 6-month bills for
E0.625bn on Wednesday. 
- CASH FLOWS: E13.4bn of redemptions will leave net cash flow at E-0.58bn for
the week.
** For further details please see MNI Eurozone T-Bill Calendar.

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