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W/C May 1, 2023

EUROZONE T-BILL ISSUANCE

Greece and the EU will both look to issue bills today while the Netherlands, Belgium, the ESM and France all sold bill yesterday. We look for issuance of E14.7bln at first round operations this week, down from E21.1bln last week.

  • Today, Greece will look to sell E625mln of the new 13-week Aug 4, 2023 GTB.
  • The EU will then look to conclude bill issuance for the week later tomorrow with up to E1.0bln of the 3-month Aug 4, 2023 EU-bill and up to E1.5bln of the new 6-month Nov 10, 2023 EU-bill on offer.

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

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