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Free AccessPortugal comes to the......>
EUROZONE T-BILL ISSUANCE: Portugal comes to the Eurozone T-bill issuance market
Wednesday with re-opening of Jan 18, 2019 T-bill and issue a new 12-month Jul
19, 2019 T-bill for combined amount of E1.25-E1.75bln. Issuance is now estimated
to be E13.1bln versus E20.9bln issued last week.
- RECAP: To recap issuance so far this week, on Monday the Netherlands allotted
E1.58bln in a re-opening of Sep 29, 2018 DTC. In the afternoon France allotted
E3.294bln of a new 3-month BTF, E1.096bln tap of 6-month BTF and E995mln tap of
a 12-month BTF. On Tuesday Spain allotted E735mln in 3-month Letra and E1.765bln
in 9-month Letra. While the ESM allotted E1.922bln in 6-month Bills.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E3.632bln, Portugal E2.937bln, and ESM E2bln turning net cash flow positive to
the tune of E4.6bln vs -E7.4bln last week.
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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.