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Weekly bill issuance is....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Weekly bill issuance is complete. The Netherlands,
France, and the ESM sold a combined E9.1bln in bills, compared to E12.1bln last
week.
- RECAP: On Monday morning, The Netherlands sold a total of E2.4bln of DTCs,
tapping 3-month Jul 31, 2019 for E1.2bln and 6-month Oct 31, 2019 for E1.2bln.
France followed on Monday afternoon with total sales of E4.7bln, including taps
of the 3-month Aug 21, 2019 for E2.6bln, 6-month Oct 23, 2019 for E1.0bln and
12-month Apr 22, 2020 for E1.2bln. On Tuesday morning, the ESM sold E2.0bln in
new 6-month, Nov 21, 2019 bills.
- CASH FLOW: Redemptions from France (E4.75bln) and the ESM (E2bln) will leave
cash flows at positive E2.4bln this week, versus positive E3.1bln last week.
** For full details, please see MNI Eurozone T-Bill auction calendar.

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