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W/C February 12, 2024

EUROZONE T-BILL ISSUANCE

Spain and Finland are due to sell bills today while, Germany and France have already come to the market this week. We expect issuance to be E15.1bln in first round operations, down from E30.5bln last week.

  • This morning, Spain will look to sell a combined E1.5bln-2.5bln of the 3-month May 10, 2024 letras and the 9-month Nov 8, 2024 letras.
  • Finally today, Finland will look to come to the market with E1bln of the 6-month Aug 13, 2024 RFTB and E1bln of the 9-month Nov 13, 2024 RFTB.
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Spain and Finland are due to sell bills today while, Germany and France have already come to the market this week. We expect issuance to be E15.1bln in first round operations, down from E30.5bln last week.

  • This morning, Spain will look to sell a combined E1.5bln-2.5bln of the 3-month May 10, 2024 letras and the 9-month Nov 8, 2024 letras.
  • Finally today, Finland will look to come to the market with E1bln of the 6-month Aug 13, 2024 RFTB and E1bln of the 9-month Nov 13, 2024 RFTB.