Free Trial

This week sees a slight....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: This week sees a slight slowdown in bill issuance,
with E10.7bln on offer (vs E13.5bln last week). The Netherlands, France,
Belgium, the ESM, and Greece are all coming to market. 
- RECAP: The first bill sale came on Monday, with the Netherlands selling
E1.5bln of new 6-month July 31, 2019 DTC. 
Later Monday, France re-opened 3-month May 2, 2019 BTF for E2.8bln, 6-month Jul
3, 2019 BTF for E0.9bln, and 12-month Jan 29, 2020 BTF for E1.1bln. 
- ISSUANCE: On Tuesday, Belgium re-opens 3-month May 9, 2019 bills for
E0.8-1.2bln. 
Later Tuesday, the ESM also sells 3-month May 9, 2019 bills for E2.5bln. 
Greece finishes the week of issuance on Wednesday, selling new 3-month May 10,
2019 bills for E0.625bln. 
- CASH FLOWS: With E9.3bln in redemptions due this week (largely E6.3bln in
French BTF), cash flow will come in at an estimated positive E1.4bln, versus
negative E7.2bln last week.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.