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W/C June 24, 2024

EUROZONE T-BILL ISSUANCE

Germany, France, Austria, Greece and Italy are all due to sell bills this week. We expect issuance to be E18.2bln, down from E18.5bln last week.

  • This morning, Germany will look to sell E2bln of the 5-month Nov 20, 2024 bubill and E2bln of the 11-month May 14, 2025 bubill.
  • This afternoon, France will come to the market to sell up to E7.2bln of 13/25/51-week BTFs. On offer will be E3.4-3.8bln of the new 13-week Sep 25, 2024 BTF, E1.4-1.8bln of the 25-week Dec 18, 2024 BTF, and E1.2-1.6bln of the 51-week Jun 18, 2025 BTF.
  • On Tuesday, Austria will issue E1bln of the 4-month Oct 31, 2024 ATB and E1bln of the new 7-month Jan 30, 2025 ATB.
  • On Wednesday, Greece will issueE500mln of the new 26-week Dec 27, 2024 GTB.
  • Also on Wednesday, Italy will look to sell E2.5bln of the 5-month Nov 29, 2024 BOT and E2.0bln of the 5.5-month Dec 13, 2024 BOT.

For more on future auctions see the full MNI Eurozone/UK T-bill auction calendar here.

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