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W/C December 4, 2023

EUROZONE T-BILL ISSUANCE

Greece and the EU are both due to issue bills today while Germany, the Netherlands, France, Spain, Belgium and the ESM have already come to the market this week. We expect issuance to be E23.3bln in first round operations, up from E21.3bln last week.

  • Today, Greece will look to sell E375mln of the new 52-week Dec 6, 2024 GTB.
  • Also today, the EU will conclude issuance for the week, selling up to E1.0bln of the 3-month Mar 8, 2024 EU-bill and up to E1.5bln of the new 6-month Jun 7, 2024 EU-bill.

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