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Free AccessSpain and Portugal.........>
EUROZONE T-BILL ISSUANCE: Spain and Portugal complete Eurozone T-bill issuance
Wednesday. Issuance is now estimated to be E12.6bln versus E18.918bln issued
last week.
- SUPPLY: Spain is scheduled up first with re-opening of 6-month Feb 16, 2018
Letra and issue of a new 12-month Aug 17, 2018 Letra for a combined total of
between E4.0-E5.0bln. Portugal then re-open 3-month Nov 17, 2017 T-bill and
12-month Jul 20, 2018 T-bill for a combined total of between E0.75-E1.0bln.
- RECAP: To recap issuance so far this week, on Monday Germany issued new
6-month Bubill for E1.417bln. In the afternoon France issued new 3-month BTF for
E3.095bln, tapped 6-month BTF for E1.597bln and tapped 12-month BTF for
E0.998bln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E5.088bln, Germany E2.0bln, Spain E8.268bln and Italy E6.6bln, turning net cash
flow negative to the tune of E9.35bln vs +E5.53bln last week.
To read the full story
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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.