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The week ahead will see....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: The week ahead will see only France and Italy come to
the market to issue bills, but we estimate the volume of issuance will be
marginally higher than last week at E11.5bln vs E9.9bln issued last week.
- France comes to the market on Monday selling 3-/6-/12-month BTFs for a
combined total of E3.9-5.1bln. The 3-month Jan 20 BTF will be tapped for
E2.1-2.5bln, the 6-month Apr 8 BTF will be tapped for E0.7-1.1bln and the Oct 7
BTF for E1.1-1.5bln.
- Italy will then come to the market on Tuesday selling the 6-month Apr 30 BOT
for E6.5bln.
** For further details please see MNI Eurozone and UK T-Bill Auction Calendar

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