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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.
EUROZONE T-BILL ISSUANCE
MNI (London)
Spain, Belgium, Finland, the ESM, Greece, the EU and Italy all still look to sell bills this week in a big week for bill issuance while Germany, the Netherlands and France came to the market yesterday. We look for issuance at first round operations of E35.6bln, up from last week's E14.6bln.
- This morning Spain will hold a 6/12-month letras auction for a combined E4.5-5.5bln, selling 6-month Dec 8, 2023 letras and new 12-month Jun 7, 2024 letras.
- Belgium will then look to sell a combined E2.0-2.4bln of 3/11-month TCs. On offer will be an indicative E1.0bln of the 3-month Sep 14, 2023 TC and an indicative E1.2bln of the 11-month May 9, 2024 TC.
- Also today,Finland will come to the market with up to E1bln of each of the 8-month Feb 13, 2024 RFTB and the new 11-month May 14, 2024 RFTB.
- The ESMwill wrap up today's issuance with up to E1.1bln of the new 3-month Sep 7, 2023 bills on offer.
- Tomorrow, Greece will come to the market with E1.0bln of the new 52-week June 7, 2024 GTB on offer.
- The EU will then look to sell up to E1.0bln of the 3-month Sep 8, 2023 EU-bill and up to E1.5bln of the new 6-month Dec 8, 2023 EU-bill.
- Italy will conclude bill issuance for the week, with a new 12-month BOT on offer. The auction size will be announced later today.
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.
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