Free Trial

T-bill issuance is.........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: T-bill issuance is expected to fall sharply to
E12.5bln this week vs E22.97bln last week, with the Netherlands, France, Spain,
ESM and Portugal scheduled to come to the market.
- SUPPLY: The Netherlands is due up first on Monday with tap of Aug 31, 2018 DTC
for between E1.0-E2.0bln and Nov 31, 2018 DTC for between E1.0-E2.0bln. In the
afternoon France issue new 3-month Sep 19, 2018 BTF for E2.6-E3.0bln, tap
6-month Nov 21, 2018 BTF for E0.6-E1.0bln and 12-month May 22, 2019 BTF for
E0.4-E0.8bln. On Tuesday Spain tap 3-month Sep 14, 2018 Letra and 9-month Mar
18, 2019 Letra with size announce on Monday but expected to be for up to
E2.5bln. The ESM then issue new 6-month Dec 20, 2018 Bill for E2bln. Then on
Wednesday Portugal re-open 3-month Sep 21, 2018 T-bill and 11-month May 17, 2019
T-bill for a combined amount of between E1.0-E1.25bln
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E9.282bln
and Ireland E500mln turning net cash flow positive to the tune of E2.8bln vs
-E1.5bln 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.