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W/C March 25, 2024

EUROZONE T-BILL ISSUANCE

Austria, Italy and Greece are due to sell bills this week, whilst Germany and France have already come to the market this week. We expect issuance to be E22.6bln in first round operations, up from E18.2bln last week.

  • Today, Austria will look to come to the market with E1.0bln of the 3-month Jul 25, 2024 ATB and E1.0bln of the new 6-month Oct 31, 2024 ATB.
  • Also today, Italy will look to sell E1.5bln of the 3-month Jun 14, 2024 BOT and E7.0bln of the new 6-month Sep 30, 2024 BOT.
  • Finally tomorrow, Greece will look to issue E625mln of the new 26-week Sep 27, 2024 GTB.

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