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Free AccessSix issuers come to the....>
EUROZONE T-BILL ISSUANCE: Six issuers come to the bills market next week,
selling a total of E14.7bln, versus E18.8bln this week.
ISSUANCE: On Monday morning, Germany sells E3bln of new 6-month Dec 11, 2019
Bubill. Also Monday, Netherlands sells between E1.0-2.0bln of 3-month Aug 30,
2019 DTC and E1.0-2.0bln of 6-month Nov 29, 2019. Later Monday, France sells up
to E4.9bln in 3-/6-/12 month BTFs: E2.4-2.8bln of Sep 18, 2019 BTF, E0.7-1.1bln
of Nov 20, 2019 BTF, and E0.6-1.0bln of May 20, 2020 BTF. Then on Tuesday, Spain
sells 3-month Sep 13, 2019 Letra and 9-month Mar 6, 2020 Letra, amount TBA
Monday but MNI estimates between E1.0-1.5bln. On Wednesday, Portugal sells a
combined E1.0-1.25bln in 3-month Sep 20, 2019 BT and 12-month May 15, 2020 BT.
Also Wednesday, the ESM sells E2bln in new 6-month Dec 19, 2019 bills. Finally,
on Thursday, Ireland sells bills, details TBA Monday (MNI expects E0.5bln).
- CASH FLOW: With E9.2bln in redemptions due (Germany E5bln, France E3.8bln,
Ireland E0.5bln), net cash flow will come in at positive E5.4bln, vs negative
E0.4bln this week. ** For full details, please see MNI Eurozone T-Bill auction
calendar.
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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.