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/ESM BILL PREVIEW: The.....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: /ESM BILL PREVIEW: The European Stability Mechanism
(ESM) issue a new 6-month Mar 21, 2019 Bill for E2.0bln on Tuesday.
- RV: According to Tradeweb the grey market is indicating a mid-yield of around
-0.480% which is a spread of -12.5bps versus EONIA and currently a pick up of
2.4bps versus the old 6-month Dec 20, 2018 Bill.
- HISTORY: For comparison at the last 6-month Bill issued on Aug 21, the ESM
sold E1.9993bln at an average yield -0.5232% and cover of 2.1 times. 
- TIMING: The auction will close at 1030GMT, with results announced by Germany's
Bundesbank shortly afterwards.

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