Free Trial

W/C 14 November, 2022

EUROZONE T-BILL ISSUANCE

Germany, France, Spain, the ESM and Portugal are due to sell bills next week. We look for E15.1bln in first round operations, down from this week's E32.3bln.

  • Germany will kick off bill issuance for the week on Monday morning with E2bln of the 2-month Jan 18, 2023 bubill and E3bln of the 6-month May 17, 2023 bubill on offer.
  • On Monday afternoon, France will look to sell up to E6.1bln of 13/20/50-week BTFs: E2.7-3.1bln of the new 13-week Feb 15, 2023 BTF, E1.1-1.5bln of the 20-week Apr 5, 2023 BTFE1.1-1.5bln of the 50-week Nov 1, 2023 BTF
  • On Tuesday, Spain will look to sell 3/9-month letras with amounts to be confirmed on Monday. On offer will be 3-month Feb 10, 2023 letras and 9-month Aug 11, 2023 letras.
  • Also Tuesday, the ESM will look to sell E1.1bln of new 6-month May 18, 2023 bills.
  • Portugal will conclude issuance for the week on Wednesday with E0.75-1.00bln of 6/12-month BTs on offer: the new 6-month May 19, 2023 BT and the new 12-month Nov 17, 2023 BT.

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.