Germany, the Netherlands, France, Spain, Belgium, Finland, the ESM, the EU and Italy are due to sell bills next week. We expect issuance to be E37.9bln in first round operations, up from E0.5bln this week.
For more on future auctions see the full MNI Eurozone/UK T-bill auction calendar here.
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In a flurry of announcements on his Truth Social platform, President-elect Donald Trump confirms that Peter Navarro, who served as Director of the Office of Trade and Manufacturing Policy during Trump's first term, will return as Senior Counselor for Trade and Manufacturing for his second. Navarro served a four-month prison term earlier this year for contempt of Congress after ignoring a subpoena from the House committee investigating the 6 January 2021 Capitol riot. There is the prospect that Trump could offer Navarro a pardon on taking office, with Trump saying on election day that "he’s a good man, he was treated very unfairly”.
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