Free Trial

W/C 13 June, 2022

EUROZONE T-BILL ISSUANCE

Germany, France, Spain, Belgium, Portugal, the EU and Ireland have sold bills this week. Total issuance at first round operations was E16.5bln, down from E23.3bln last week.

  • Germany kicked off issuance for the week on Monday morning by selling E3bln (E1.767bln allotted) of the 6-month Dec 14, 2022 bubill.
  • Monday afternoon, France sold E5.9bln of 13/22/48-week BTFs, the top of the target range: E3.599bln of the new 13-week Sep 14, 2022 BTF, E1.399bln of the 22-week Nov 16, 2022 BTF and E0.899bln of the 48-week May 17, 2023 BTF.
  • On Tuesday morning, Spain sold E1.796bln of of 3/9-month letras against a E1.5-2.5bln target: E364mln 3-month Sep 9, 2022 letras and E1.431bln 9-month Mar 10, 2023 letras.
  • Also Tuesday, Belgium sold 3/11-month TCs for E2.06bln against a target range of E2.0-2.4bln: E1.115bln of the Sep 8, 2022 TC and E0.945bln of the May 11, 2023 TC.
  • On Wednesday, Portugal sold E500mln of the 3-month Sep 23, 2022 BT.
  • Also Wednesday, the EU sold E998mln of the 3-month Sep 9, 2022 EU-bill and E1.498bln of the 6-month Dec 9, 2022 EU-bill, the top of the target range for both.
  • Ireland conclude issuance for the week yesterday, selling E750mln of the new Dec 19 2022 IRTB.

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.