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W/C 26 June, 2023

EUROZONE T-BILL ISSUANCE
MNI (London)

Germany, France, Austria, Greece and Italy will look to sell bills this week. We look for issuance at first round operations of E18.9bln, up from last week's E17.0bln

  • This morning, Germany will kick off bill issuance for the week with E2bln of the 5-month Nov 22, 2023 bubill and E4bln of the 11-month May 15, 2024 bubill of offer.
  • France will come to the market this afternoon with up to E6.5bln of BTFs on offer: E2.4-2.8bln of the new 13-week Sep 27, 2023 BTF, E1.4-1.8bln of the 20-week Nov 15, 2023 BTF, E0-0.4bln of the 30-week Jan 24, 2024 BTF and E1.1-1.5bln of the 50-week Jun 12, 2024 BTF.
  • Tomorrow, Austria will look to sell E1bln of the 4-month Oct 27, 2023 ATB and E1bln of the new 7-month Jan 25, 2024 ATB.
  • Greece will come to the market on Wednesday, with E375mln of the new 26-week Dec 29, 2023 GTB on offer.
  • Italy will also come to the market Wednesday morning to sell a combined E4.0bln of 5/6-month BOTS: E2.5bln of the 5-month Nov 30, 2023 BOT and E1.5bln of the 5-month Jan 12, 2024 BOT.

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

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