Free Trial

W/C Jan 16, 2022

EUROZONE T-BILL ISSUANCE

Spain, the ESM, Portugal and the EU will all still look to sell bills this week while Germany, the Netherlands and France came to the market yesterday. We look for issuance of E21.1bln at first round operations this week, down from E30.6bln last week.

  • This morning, Spain will look to sell 3-month Apr 14, 2023 letras and 9-month Oct 6, 2023 letras for a combined E1.5-2.5bln.
  • Also today, the ESM will look to sell E1.1bln of new 6-month Jul 20, 2023 bills.
  • On Wednesday, Portugal will look to sell a combined E1.25-1.50bln of the 6-month Jul 21, 2023 BT and the new 12-month Jan 19, 2024 BT.
  • The EU will conclude bill issuance for the week on Wednesday with up to E1bln of each of the 3-month Apr 7, 2023 EU-bill and the 6-month Jul 7, 2023 EU-bill on offer.


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.