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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Spain comes to the Eurozone T-bill issuance market
Tuesday with re-opening of 3-month Jun 15, 2018 Letra and 9-month Dec 7, 2018
Letra for a combined amount of between E1.0-E2.0bln. Issuance is now estimated
to total E18.2bln versus E19.321bln issued last week.
- SUPPLY: Still to come this week on Wednesday Greece issue a new 52-week Mar
15, 2019 T-bill for E625mln. Finally Ireland issue a new 12-month Mar 18, 2019
T-bill for E500mln on Thursday.
- RECAP: To recap issuance so far this week, on Monday Italy a issued new
12-month BOT for E6.5bln. German re-opened its 6-month Bubill for E1.945bln.
Then in the afternoon France allotted E3.85bln of a new 3-month BTF, E1.897bln
tap of a 6-month BTF and E1.394bln tap of a 12-month BTF. 
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E5.841bln, Germany E2.0bln, Italy E6.5bln, Greece E1.6bln and Portugal
E2.531bln, turning net cash flow negative to the tune of E0.2.7bln vs -E3.65bln
last week.

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