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W/C 12 June, 2023

EUROZONE T-BILL ISSUANCE
MNI (London)

Germany, France and Spain will look to sell bills this week. We look for issuance at first round operations of E11.2bln, down from last week's large E35.4bln.

  • This morning, Germany will kick off bill issuance for the week with E3bln of the 6-month Dec 13, 2023 bubill on offer.
  • France will come to the market this afternoon with up to E6.2bln of BTFs on offer: E2.1-2.7bln of the new 13-week Sep 13, 2023 BTF, E1.1-1.5bln of the 22-week Nov 15, 2023 BTF, E0.1-0.5bln of the 32-week Jan 24, 2024 BTF and E1.1-1.5bln of the 48-week May 15, 2024 BTF.
  • Spain will conclude issuance for the week tomorrow, reopening the 3-month Sep 8, 2023 letras and the 9-month Mar 8, 2024 letras. Auction sizes will be announced later today.


For more on future auctions see the full MNI Eurozone/UK T-bill auction calendar.

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