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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: There is no Eurozone sovereign T-bill issuance Tuesday
with Italy next scheduled to come to the market on Friday. Overall issuance is
estimated to come in at E12.8bln this week vs E13.14bln last week.
- SUPPLY: Italy comes to the Market on Friday with a new 6-month Jan 31, 2019
BOT with confirmation of the size announced on Tuesday but expected to be for up
to E6bln.
- RECAP: To recap issuance so far this week, on Monday Germany tapped Oct 10,
2018 Bubill for E2.0bln. In the afternoon France allotted E2.893bln in a tap of
a 3-month BTF, E895mln in tap of a 6-month BTF and E996mln of a new 12-month
BTF.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E7.191bln
only, turning net cash flow positive to the tune of E5.6bln vs +E4.57bln last
week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

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