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W/C November 6, 2023

EUROZONE T-BILL ISSUANCE

The EU and Italy are all still due to sell bills this week while Germany, the Netherlands, France, Spain, Belgium and the ESM have already come to the market this week. We expect issuance to be E26.3bln in first round operations, up from E13.0bln last week.

  • Today, the EU will look to sell up to E1.0bln of the 3-month Feb 9, 2024 EU-bill and up to E1.5bln of the new 6-month May 10, 2024 EU-bill.
  • Tomorrow, Italy will look to sell E6.0bln of the new 12-month Nov 14, 2024 BOT.

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