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W/C May 22, 2023

EUROZONE T-BILL ISSUANCE
MNI (London)

Austria and Italy both still look to sell bills this week while Germany and France came to the market yesterday. We look for issuance at first round operations of E16.6bln, down from last week's E18.7bln.

  • This morning Austria will come to the market to launch the new 3-month Aug 24, 2023 Green ATB for E1.5bln and reopen E1.0bln of the 5-month Oct 27, 2023 ATB.
  • Italy will conclude this week's eurozone bill issuance on Friday, with a new 6-month BOT on offer. Further details including the auction size will be announced on Tuesday.

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