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This week saw five.........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: This week saw five issuers come to Eurozone bill
markets, selling an estimated E12.0bln, comparable to the E11bln sold last week.
- RECAP: On Monday, the Netherlands sold E1.8bln of 9-month Jan 31, 2020 DTC.
That afternoon, France sold E4.8bln of BTFs: E2.7bln of 3-month Oct 02, 2019
BTF, E0.9bln of 6-month Nov 20, 2019 BTF, and E1.2bln of 12-month Jun 17, 2020
BTF. On Tuesday, Belgium sold a combined E1.6bln of TCs: 3-month Nov 7, 2019 TC,
and Jan 16, 2020 TC. Later Tuesday morning, the ESM sold E2.5bln of 3-month
3-month Oct 10, 2019 bills. On Wednesday, Greece sold E1.6bln of 6-month Jan 3,
2020 bills.
- CASH FLOW: A total of E5.7bln in redemptions (France E3.7bln and Greece E2bln)
will leave net cash flow at positive E5.7bln, versus negative E5.1bln last week.
** For full details, please see MNI Eurozone T-Bill auction calendar.

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