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

BELGIUM T-BILL AUCTION PREVIEW
BELGIUM T-BILL AUCTION PREVIEW: Belgium's Debt Agency re-open 3-month Mar 8,
2018 T-bill and 6-month May 10, 2018 T-bill for a combined total of between
E0.8-E1.2bln on Tuesday. 
- RV: Bid-yield on the Mar 8, 2018 BTC is seen trading at -0.708%, towards the
middle of its 1-month range of between -0.653% and -0.755%. As for the 6-month
May 10, 2018 BTC, bid-yield is currently seen at -0.705%, close to the bottom
end of its 1-month range of between -0.649% and -0.722% according to Tradeweb.
- HISTORY: For comparison at the last 3-month T-bill auction on Nov 7 the
Belgium Treasury allotted E380mln at average yield -0.728% and covered 4.0
times. At the last 6-month T-bill auction on Oct 31, E400mln was allocated at an
average yield of -0.687% and covered 3.04 times. 
- REDEMPTION: There is no T-bill redemption this week, therefore could leave net
cash flow positive to the tune of E1.2bln, which is seen weighing on demand.
- TIMING: Results are due to be announced around 1040GMT.

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