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

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.