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W/C Mar 20, 2023

EUROZONE T-BILL ISSUANCE

Austria and the ESM both look to sell bills today while Germany, the Netherlands and France came to the market yesterday. We look for issuance at first round operations of E16.9bln, up from E15.1bln last week.

  • This morning, Austria will look to sell E1bln of the 4-month Jul 27, 2023 ATB and E1bln of the new 7-month Oct 27, 2023 ATB.
  • The ESM will then wrap up bill issuance for the week with E1.1bln of the new 6-month Sep 21, 2023 bills on offer.

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

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