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

BELGIUM T-BILL AUCTION PREVIEW: Belgium's Debt Agency re-open 4-month Oct 11,

2018 T-bill and 6-month Dec 13, 2018 T-bill for a combined total of between

E0.9-E1.3bln on Tuesday. 

- RV: Bid-yield on the Oct 11, 2018 BTC is seen trading at -0.535%, according to

Tradeweb close to the top end of its 1-month range of between -0.530% and

-0.577% and -21.1bp vs Eonia. As for Dec 13, 2018 BTC, the bid-yield is seen at

-0.523% according to Tradeweb, also close to the top of its 1-month range of

between -0.456% and -0.577% and 19.9bp vs Eonia.

- HISTORY: For comparison at the last 4-month T-bill auction on May 8 the

Belgium Treasury allotted E770mln at average yield -0.574% and covered 1.84

times. At the last 6-month T-bill auction on May 2, E955mln was allocated at an

average yield of -0.573% and covered 2.37 times. 

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

cash flow positive to the tune of E1.1bln, which is seen weighing on demand.

- TIMING: Results are due to be announced around 0935GMT.