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W/C Mar 13, 2023

EUROZONE T-BILL ISSUANCE

Portugal and the EU both look to sell bills today while Germany, Franc, Spain and Finland have already come to the market this week. We look for issuance at first round operations of E16.0bln, down from E29.9bln last week.

  • This morning, Portugal will look to sell a combined E1.25-1.50bln of the 6-month Sep 22, 2023 BT and the new 12-month Mar 15, 2024 BT.
  • Later today, the EU will look to sell up to E1bln of the 3-month Jun 9, 2023 EU-bill and up to E1bln of the 6-month Sep 8, 2023 EU-bill.

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