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W/C July 31, 2023

EUROZONE T-BILL ISSUANCE

Greece and the EU are both due to sell bills today while France, Belgium and the ESM have already come to the market this week. We expect issuance to be E11.0bln at first round operations this week, up from E21.5bln last week.

  • Today, Greece will look to sell E625mln of the new 13-week Nov 3, 2023 GTB.
  • Also today, the EU will look to sell up to E1.0bln of the 3-month Nov 10, 2023 EU-bill and up to E1.5bln of the new 6-month Feb 9, 2024 EU-bill.


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