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W/C April 17, 2023

EUROZONE T-BILL ISSUANCE

The EU looks to sell bills today while Germany, the Netherlands, France, Spain and the ESM came to the market yesterday. We look for issuance at first round operations of E20.3bln, down from E23.5bln last week.

  • The EU will conclude issuance for week on Wednesday with up to E1bln of the 3-month Jul 7, 2023 EU-bill and up to E1bln of the 6-month Oct 6, 2023 EU-bill on offer.
  • Portugalhas cancelled its BT auction scheduled for Wednesday 19 April as well as its BT auction scheduled for 17 May.

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