T-bill issuance across.....>

EUROZONE T-BILL ISSUANCE: T-bill issuance across the eurozone this week is

estimated to be E9.3bln Vs E14.9bln last week. The Netherlands, France and Spain

are all expected to come to market. 

- ISSUANCE: The Netherlands begin the weeks issuance on Monday when they look

for a combined E1.0-2.0bln by offering the 3-month Mar 29 2019 and 6-month Jun

27 2019 DTCs. 

Later Monday France will come to market for a combined E3.9-5.1bln, on offer are

the 3-month Apr 17 2019, 6-month Jul 3 2019, and 12-month Jan 2 2020 BTFs. 

Bill issuance is finished off as early as Tuesday when Spain sell the 3-month

Jun 4 2019, and 9-month Dec 10 2019 Letras. The auction volume will be announced

Monday afternoon, with MNI estimating E2.8bln. 

- CASH FLOWS: With E5.5bln in redemptions scheduled for this week, net cash flow

is estimated to come in at positive E3.8bln Vs negative E6.7bln last week.