Free Trial

W/C July 4, 2022 - Upcoming

EUROZONE T-BILL ISSUANCE
MNI (London)

Germany, the Netherlands, France, Spain, Belgium, Greece and the EU are all due to sell bills next week. We estimate bill issuance for the week at a combined E21.7bln at first-round operations, down from E12.1bln this week.

  • Germany will kick off issuance for the week on Monday, with E6.0bln of bubills on offer: E3bln of the 3-month Oct 19, 2022 bubill and E3bln of the 9-month Apr 13, 2023 bubill.
  • The Netherlands will then reopen E1.0-1.5bln of the 2-month Aug 30, 2022 DTC and E1.0-1.5bln of the 4-month Oct 28, 2022 DTC.
  • France will conclude Monday's issuance with up to E6.1bln of BTFs on offer: E2.4-2.8bln of the 12-week Sep 28, 2022 BTF, E0.9-1.3bln of the new 23-week Dec 14, 2022 BTF, E0.4-0.8bln of the 33-week Feb 22, 2023 BTF and E0.8-1.2bln of the 49-week Jun 14, 2023 BTF.
  • On Tuesday, Spain will come to the market with 6-month Jan 13, 2023 letras and 4-Jul of the new 12-month Jul 7, 2023 letras on offer. Auction sizes will be confirmed on Monday afternoon.
  • Belgium will also come to the market on Tuesday, with a combined E1.8-2.2bln of TCs on offer: the Short Nov 10, 2022 TC and the Medium Jan 12, 2023 TC.
  • On Wednesday Greece will look to sell E625mln of the new 13-week Oct 7, 2022 GTB.
  • The EU will then wrap up bill issuance for the week on Wednesday morning. On offer will be E1.0bln of the 3-month Oct 7, 2022 EU-bill and E1.5bln of the new 6-month Jan 6, 2023 EU-bill.
For more on future auctions see the MNI Eurozone/UK T-bill auction calendar.

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.