Belgium's Debt.......>

BELGIUM T-BILL AUCTION PREVIEW: Belgium's Debt Agency re-open 3-month Jan 11,

2018 T-bill and 6-month Mar 8, 2018 T-bill for a combined total of between

E1.3-E1.7bln on Tuesday. 

- RV: Mid-yield on the Jan 11, 2018 BTC is seen trading at -0.648%, towards the

bottom end of its 1-month range of between -0.581% and -0.667%. As for the

6-month Mar 8, 2018 BTC, the mid-yield is seen at -0.622%, also close to the

bottom end of its 1-month range of between -0.558% and -0.631%, according to

Tradeweb.

- HISTORY: For comparison at the last 3-month T-bill auction on Sep 12 the

Belgium Treasury allotted E904mln at average yield -0.627% and covered 1.79

times. For comparison at the last 6-month T-bill auction on Sep 5, E704mln was

allocated at an average yield of -0.644% and covered 2.44 times. 

- REDEMPTION: There is no T-bill redemption this week, therefore could leave net

cash flow positive to the tune of E1.7bln, which is seen weighing on demand.

- TIMING: Results are due to be announced around 0940GMT