WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI: FED'S WILLIAMS: DON'T FEEL URGENCY TO CUT INTEREST RATES

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI BRIEF: PBOC To Watch CNY Moves Closely - Vice Governor Zhu

MNI: US APR PHILADELPHIA FED MFG INDEX 15.5

MNI: US JOBLESS CLAIMS +0K TO 212K IN APR 13 WK

MNI UK Inflation and Labour Market Insight: April 2024 Release

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

W/C Mar 6, 2023

EUROZONE T-BILL ISSUANCE

Germany, the Netherlands, France, Spain, Belgium, the ESM, Greece and Italy all look to sell bills next week. We look for issuance at first round operations of E29.4bln, up from E16.6bln this week.

  • Germany will look to kick off bill issuance for the week on Monday morning with E2bln of the 3-month Jun 21, 2023 bubill and E3bln of the 9-month Dec 13, 2023 bubill on offer.
  • Also on Monday morning, the Netherlands will look to sell E1-2bln of each of the 3-month May 30, 2023 DTC and the new 6-month Aug 30, 2023 DTC.
  • On Monday afternoon, France will look to sell up to E6.2bln of 13/20/38/50-week BTFs: E2.2-2.6bln of the new 13-week Jun 3, 2023 BTF, E1.0-1.4bln of the 20-week Jul 26, 2023 BTF, E0-0.4bln of the 38-week Nov 29, 2023 BTF and E1.4-1.8bln of the 50-week Feb 21, 2024 BTF.
  • On Tuesday, Spain will look to sell 6-month Sep 8, 2023 letras alongside new 12-month Mar 8, 2024 letras. The auction size will be announced on Monday.
  • Later on Tuesday, Belgium will look to sell E2.6-3.0bln of 4/12-month TCs: an indicative E800mln of the Jul 13, 2022 TC and an indicative E2.0bln of the new Mar 7, 2024 TC.
  • Finally on Tuesday, the ESM will look to sell up to E1.1bln of new 3-month Jun 8, 2023 bills.
  • On Wednesday, Greece will come to the market to sell E625mln of the new 52-week Mar 8, 2024 GTB.
  • Italy will conclude Eurozone bill issuance on Friday with a new 12-month BOT on offer. The auction size will be announced on Tuesday and we pencil in E6bln.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.