Free Trial

Spain comes to the.........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Spain comes to the Eurozone T-bill issuance market
Tuesday with re-opening of a 6-month May 11, 2018 Letra and issue of a new
12-month Nov 16, 2018 Letra for between E5.5-E6.5bln. Issuance is now estimated
to total E14.3bln versus E16.605bln issued last week.
- SUPPLY: Still to come this week, on Wednesday Portugal re-open 6-month May 18,
2018 T-bill and issue a new 12-month Nov 16, 2018 T-bill for a combined amount
of between E1.25-E1.50bln.
- RECAP: To recap issuance so far this week, on Monday Germany allotted
E1.322bln in a new 6-month Bubill. In the afternoon France allotted E2.795bln in
tap of 3-month BTF, E1.194bln of a 6-month BTF and E1.496bln of a new 12-month
BTF.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E6.446bln, Germany E2.0bln, Spain E7.243bln, Italy E6.0bln and Portugal
E2.197bln, turning net cash flow negative to the tune of E9.58bln vs +E3.5bln
last week.

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.