Free Trial

W/C Oct 3, 2022

EUROZONE T-BILL ISSUANCE

The Netherlands, France, Spain, Belgium, the ESM, Greece and the EU are all due to issue bills next week. We look for total issuance from first round operations of E18.8bln, up from this week's E17.6bln.

  • The Netherlands will kick off issuance on Monday morning with E1.0-1.5bln of each of the 4-month Jan 30, 2023 DTC and the 6-month Mar 30, 2023 DTC on offer.
  • On Monday afternoon, France will look to sell up to E6.2bln of 13/22/44/48-week BTFs: E2.4-2.8bln of the 13-week Jan 4, 2023 BTF, E1.2-1.6bln of the 22-week Mar 8, 2023 BTF, E0-0.4bln of the 44-week Aug 9, 2023 BTF and E1.0-1.4bln of the 48-week Sep 6, 2023 BTF.
  • On Tuesday, Spain will kick off issuance with 6/12-month letras on offer: 6-month Apr 14, 2023 letras and new 12-month Oct 6, 2023 letras. The auction size will be announced on Monday afternoon.
  • Belgium will then look to sell E0.8-1.2bln of the 3-month Jan 12, 2023 TC.
  • The ESM will conclude Tuesday's issuance with E1.5bln of new 3-month Jan 5, 2023 bills on offer.
  • On Wednesday morning, Greece will look to sell E625mln of the new 26-week Jan 9, 2023 GTB.
  • The EU will conclude issuance for the week, also on Wednesday, with up to E1.0bln of the 3-month Jan 6, 2023 EU-bill and up to E1.5bln of the new 6-month Apr 7, 2023 EU-bill on offer.

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.