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

BELGIUM T-BILL AUCTION PREVIEW: Belgium's Debt Agency re-open 5-month Jul 12,

2018 T-bill and 7-month Sep 13, 2018 T-bill for a combined total of between

E1.5-E1.9bln on Tuesday. 

- RV: Mid-yield on the Jul 12, 2018 BTC is seen trading at -0.615%, close to the

bottom end of its 1-month range of between -0.555% and -0.635%. As for Sep 13,

2018 BTC, the mid-yield is seen at -0.598% also close to bottom end of its

1-month range of between -0.538% and -0.611%

- HISTORY: For comparison at the last 4-month T-bill auction on Feb 6 the

Belgium Treasury allotted E500mln at average yield -0.588% and covered 2.79

times. At the last 6-month T-bill auction on Jan 2, E1.05bln was allocated at an

average yield of -0.615% and covered 1.75 times. 

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

cash flow positive to the tune of E1.9bln, which is seen underpinning demand.

- TIMING: Results are due to be announced around 1040GMT.