Free Trial

Bill Supply for W/C June 6, 2022

EUROZONE T-BILL ISSUANCE
MNI (London)

Spain, Belgium, the Netherlands, the ESM, France, Greece and Italy are due to sell bills this week, with total issuance from first round operations estimated at E20.7bln up from E14.7bln last week.


  • Following public holidays on Monday across most of the Eurozone, Spain will kick off bill issuance for the week today. On offer will be a combined E4.5-5.5bln of 6-month Dec 9, 2022 letras and the new 12-month Jun 9, 2023 letras.
  • Belgium will then look to reopen E1.0bln of the Short Sep 8, 2022 TC.
  • The Netherlands will then come to the market with up to E3.0bln of DTCs: E1.0-1.5bln of the 1.5-month Jul 28, 2022 DTC and E1.0-1.5bln of the 5-month Oct 28, 2022 DTC will be on offer.
  • The ESM will then look to sell up to E1.1bln of the new 3-month Sep 8, 2022 bills.
  • France will wrap up today’s issuance with up to E5.9bln of BTFs on offer: E3.1-3.5bln of the 12-week Aug 31, 2022 BTF, E1.1-1.5bln of the new 23-week Nov 16, 2022 BTF and E0.5-0.9bln of the 49-week May 17, 2023 BTF.
  • Finland’s Tuesday auction was cancelled.
  • On Wednesday Greece will come to the market with E1.0bln of the new 52-week Jun 9, 2023 GTB on offer.
  • Italy will conclude issuance for the week on Friday. The new 12-month Jun 14, 2023 BOT will be on offer, with the amount to be announced on today.


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.