Free Trial

Portugal comes to the......>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Portugal comes to the Eurozone T-bill issuance market
Wednesday with re-opening of 3-month Jan 19, 2018 T-bill and 11-month Sep 21,
2018 T-bill for a combined amount of between E1.0-E1.75bln. Issuance is now
estimated to total E13.2bln versus E19.258bln issued last week.
- RECAP: To recap issuance so far this week, on Monday the Netherlands allotted
E1.28bln in 6-month DTC. In the afternoon France allotted E3.095bln in
re-opening of 3-month BTF, E1.396bln of a 6-month BTF and E996mln of a new
12-month BTF. On Tuesday Spain allotted E1.29bln in re-opening of 3-month Letra
and E2.5bln in a 9-month Letra. The ESM then issued a new 6-month Bill for
E1.424bln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from E7.427bln,
Portugal E2.197bln and ESM for E1.496bln turning net cash flow positive to the
tune of E2.1bln vs -E8.38bln last week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

To read the full story

Close

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.