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

BELGIUM T-BILL AUCTION PREVIEW: Belgium's Debt Agency re-open Jan 10, 2019

T-bill and Mar 7, 2019 T-bill for a combined amount of between E1.4-E1.8bln on

Tuesday. 

- RV: Ask-yield on the Jan 10, 2019 TC is seen trading at -0.607%, according to

Tradeweb towards the middle of its 1-month range of between -0.588% and -0.639%

and is -23.4bp vs Eonia. As for the Mar 7, 2019 TC, ask-yield is currently seen

at -0.577% according to Tradeweb, also towards the middle of its 1-month range

of between -0.569% and -0.595% and is -20.4bp vs Eonia.

- HISTORY: For comparison at the last short-term T-bill on Aug 7 the Belgium

Treasury allotted E475mln at average yield -0.554% and covered 3.78 times. While

at the last medium term T-bill auction on Jul 3 E902mln was allocated at an

average yield of -0.603% and covered 3.42 times. 

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

leave net cash flow positive to the tune of E1.8bln, which is seen weighing on

demand.

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