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Free AccessItaly and Greece comes.....>
EUROZONE T-BILL ISSUANCE: Italy and Greece comes to the Eurozone T-bill issuance
market Wednesday. Issuance is now estimated to total E20.7bln versus E11.66bln
issued last week.
- SUPPLY: Italy issues a new 12-month Jul 12, 2019 BOT for E6.0bln. Greece then
launch a new 13-week Oct 12, 2018 T-bill for E625mln.
- RECAP: To recap issuance so far this week, on Monday Germany allotted E1.56bln
in a tap of Dec 5, 2018 Bubill. In the afternoon France allotted E2.997bln tap
of 3-month BTF, E996mln of a new 6-month BTF and E793mln tap of a 12-month BTF.
On Tuesday Spain allotted E555mln 6-month Letra and E4.175bln of a new 12-month
Letra. Belgium then allotted E1.14bln in 4-month T-bills and E1.86bln in a new
12-month T-bill.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E7.38bln,
Belgium E5.997bln, Spain E7.1bln, Greece E1bln and Italy E6.75bln turning net
cash flow negative to the tune of E7.55bln vs +E1.33bln last week.
To read the full story
Sign up now for free trial access to this content.
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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.