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W/C August 29, 2022

EUROZONE T-BILL ISSUANCE

Eurozone T-bill issuance for the week is already complete with only Germany and France selling bills, with a combined issuance at first round operations of E12.0bln, down from last week's E17.4bln.

  • Germany kicked off issuance for the week on Monday morning, with E4bln (E3bln original target, E3.726bln allotted) of the 5-month Jan 18, 2023 bubill and E2bln (E3bln original target, E1.233bln allotted) of the 11-month Jul 19, 2023 bubill sold.
  • France then concluded the week's issuance on Monday afternoon selling E5.796bln of 12/23/41/49-week BTFs, the top of the target range: E2.695bln of the 12-week Nov 23, 2022 BTF, E1.585bln of the new 23-week Feb 8, 2023 BTF, E398mln of the 41-week Jun 14, 2023 BTF and E1.298bln of the 49-week Aug 9, 2023 BTF.

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