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W/C January 1, 2024

EUROZONE T-BILL ISSUANCE

Belgium, France and Greece are due to sell bills this week. We expect issuance to be E8.9bln in first round operations, up from E0.4bln last week.

  • On Tuesday morning, Belgium will look to issue E1bln of the 18-week May 9, 2024 TC and E1bln of the 27-week Jul 11, 2024 TC.
  • On Tuesday afternoon, France will come to the market to sell up to E6.3bln of 12/22/52-week BTFs: E2.6-3.0bln of the new 12-week Mar 27, 2024 BTF, E1.3-1.7bln of the 22-week May 29, 2024 BTF and E1.2-1.6bln of the new 52-week Jan 2, 2025 BTF.
  • On Wednesday, Greece will look to sell the new 13-week GTB with details to be announced next Tuesday (Jan 2).
For more on future auctions see the full MNI Eurozone/UK T-bill auction calendar here: https://marketnews.com/data/calendar/europeanuk-go...

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