Free Trial

W/C Feb 6, 2023

EUROZONE T-BILL ISSUANCE

Germany, the Netherlands, France, Spain, Belgium, the ESM and Italy will all look to issue bills this week. We look for issuance of E27.9bln at first round operations, up from E15.9bln last week.

  • This morning, Spain will look to sell a combined E4.5-5.5bln of 6-month Aug 11, 2023 letras and new 12-month Feb 9, 2024 letras.
  • Belgium will then come to the market to sell E2.0-2.4bln of the TCs: an indicative E1.0bln of the Short May 11, 2023 TC and an indicative E1.2bln of the Long Jan 11, 2024 TC.
  • Later today, the ESM will then look to sell E1.1bln of the new 3-month May 4, 2023 bills.
  • Italy will conclude eurozone bill issuance for the week on Friday, with the new 12-month BOT on offer. The auction size will be announced tomorrow.

To read the full story

Close

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.