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Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

US EURODLR OPTIONS

Midcurve Puts, Scale Seller

USDJPY TECHS

Support Remains Exposed

CHINA

Is The Entire Real Estate Market Under Threat?

EURGBP TECHS

Working Against Bearish Outlook

Greece's Public.......>

GREECE T-BILL AUCTION PREVIEW
GREECE T-BILL AUCTION PREVIEW: Greece's Public Debt Management Agency (PDMA)
issue a new 13-week Sep 7, 2018 T-bill for E625mln and a new 26-week Dec 7, 2018
T-bill for E1.25bln on Wednesday.
- BACKGROUND: Greece's economy grew for fifth consecutive quarter keeping the
country's recovery on track. Next week the government is expected to vote
through final austerity measures.
- HISTORY: For comparison, at the last 13-week T-bill auction on May 9 the PDMA
sold E1.1375bln at average yield of 0.59% and bid-to-cover of 2.18 times. While
at the last 26-week T-bill auction on May 2, the PDMA sold E1.1375bln at average
yield of 0.7% and bid-to-cover of 2.84 times
- NON-COMP: The PDMA will once again allocate an extra 30% of amount auctioned
in non-comp bids, and a further 30% in second day bids, to bring total amount to
be issued for the 13-week T-bill to E1.0bln and E2.0bln for the 26-week T-bill.
There will be a E3.6bln T-bill redemption on Jun 8 which is seen underpinning
demand at the auction.
- TIMING: Results due to be announced around 0910GMT.