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

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: T-bill issuance is expected to pick up to E11.6bln
from E10.5bln last week, with Italy and Greece scheduled to to come to market
Wednesday following France`s sale Monday.
- SUPPLY: On Wednesday, Greece sells E875mln of 26-week T-bills. Also on
Wednesday, Italy sells 6-month Feb 28, 2019 BOT for E6bln.
- RECAP: France began the week's issuance on Monday afternoon, allotting new
3-month Nov 28, 2018 BTF for E2.79bln, tapping 6-month Jan 16, 2019 BTF for
E1.10bln, and tapping 12-month Aug 14, 2019 BTF for E0.80bln, for a total of
E4.69bln. 
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E5.2bln,
Italy E6.0bln, Greece E1.4bln, and the Netherlands E4.1bln, for a total of
E16.8bln. This will leave net cash flow at an estimated negative E5.2bln,
compared with positive E1.0bln last week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

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