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W/C April 1, 2024

EUROZONE T-BILL ISSUANCE

Greece and the EU are both due to sell bills today while Belgium, the Netherlands, the ESM and France, came to the market yesterday. We expect issuance to be E16.4bln in first round operations, down from E22.6bln last week.

  • Today, Greece will look to sell E625mln of the new 13-week Jul 5, 2024 GTB.
  • Also today, the EU will look to issue up to E1.5bln of the 3-month Jul 5, 2024 EU-bill and up to E1.5bln of the new 6-month Oct 4, 2024 EU-bill.

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

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