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T-Bill Supply Estimated At E21.5bln vs E21.2bn Last Week

EUROZONE T-BILL ISSUANCE
MNI (London)

Germany, France, Italy, the Netherlands and Greece will issue
bills this week. We estimate supply of E21.5bn compared to
E21.2bn last week.

  • ISSUANCE: Germany will kick off issuance for the week with a sale
    of 12-month bubills for E4bn on Monday. The Netherlands will follow with a
    sale of 6- and 12-month DTCs for a combined E2-4bn. France will complete
    Monday's issuance with a sale of 3-/6-/12-month BTFs for a combined
    E6.2-7.4bn. Italy will sell BOTs on Wednesday with details TBA. Greece will
    then conclude issuance for the week with a sale of 6-month bills for
    E625mn.
  • CASH FLOWS: There will be E18.7bn in redemptions which will leave net cash
    flows at E2.8bn for the week.
  • For further details please see MNI Eurozone T-Bill Calendar

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