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W/C September 4, 2023

EUROZONE T-BILL ISSUANCE

Germany, the Netherlands, France, Spain, Belgium, the ESM, Greece and the EU have all sold bills this week. Issuance was E24.1bln at first round operations this week, up from E17.2bln last week.

  • Note: The Belgian Debt Agency lowered its TC funding target by E14.5bln on Monday (and now looks for a target stock of E20.3bln at year-end. It has cancelled two 3-month TC auctions and all of its medium/long-term TC auctions for the remainder of the year.

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

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