Free Trial

W/C Mar 27, 2023

EUROZONE T-BILL ISSUANCE

Germany, France, Italy and Greece all look to sell bills this week. We look for issuance at first round operations of E20.2bln, up from E16.9bln last week.

  • Germany will kick off eurozone bill issuance on Monday, with E2bln of the 5-month Aug 23, 2023 bubill and E4bln of the 11-month Feb 21, 2024 bubill on offer.
  • France will then come to the market in the afternoon with up to E6.6bln of 11/12/21/51-week BTFs on offer: E100-500mln of the 11-week Jun 14, 2023 BTF, E2.3-2.7bln of the 12-week Jun 21, 2023 BTF, E1.2-1.6bln of the 21-week Aug 23, 2023 BTF and E1.4-1.8bln of the new 51-week Mar 20, 2023 BTF.
  • On Wednesday, Italy will look to reopen the 3-month Jul 14, 2023 BOT for E2bln and launch the new 6-month Sep 29, 2023 BOT for E5bln.
  • Greece will conclude bill issuance for the week on Wednesday, with E625mln of the new 26-week Sep 29, 2023 GTB on offer.

For more on future auctions see the full 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.