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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.
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Free AccessThis week sees a total.....>
EUROZONE T-BILL ISSUANCE: This week sees a total of six bill auctions, with a
total amount of E14.3bln for sale, up from E12.2bln last week.
- RECAP: On Monday, the Netherlands sold E1.5bln of new 6-month Sep 30, 2019
DTC. Later Monday, France sold 3-/6-/12-month bills for a total of E4.8bln:
E2.6bln of 3-month Jun 26, 2019 BTF, E0.9bln of 6-month Aug 28, 2019 BTF, and
E1.3bln of new 12-month Mar 25, 2020.
- ISSUANCE: On Tuesday, Spain re-opens 6-month Oct 11, 2019 Letra and sells new
12-month Apr 17, 2020 Letra, for a combined amount of E4-5bln. Later Tuesday
morning, Belgium sells 3-month Jul 11, 2019 TC for between E0.6-1.0bln.
Afterwards, the ESM comes to market, selling new 3-month Jul 4, 2019 bills for
E2bln. Greece concludes weekly issuance on Wednesday, selling E0.875bln of new
6-month Oct 4, 2019 bills.
- CASH FLOW: With E11bln in redemptions (Spain E7.7bln, Greece E1.4bln, and the
ESM E2bln), net cash flow will come in at an estimated positive E3.2bln, versus
negative E1.5bln last week.
** For full details, please see MNI Eurozone T-Bill auction calendar
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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.