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IRELAND T-BILL AUCTION PREVIEW
IRELAND T-BILL AUCTION PREVIEW: Ireland's National Treasury Management Agency
(NTMA) launch a new 12-month Dec 17, 2018 T-bill on Thursday. 
- RV: According to Tradeweb there currently is no grey market for the new
12-month Dec 17 T-bill, however to give an indication of possible level,
mid-yield on the 12-month BTF is currently trading at -0.658%, while the Belgium
T-bill is at -0.644%.
- HISTORY: For comparison at the last 12-month Irish T-bill auction on Sep 21
the NTMA sold E500mln at average yield of -0.50% and bid-to-cover of 3.4 times.
- TIMING: The auction will open at 0800GMT and close at 1000GMT, with results
due to be announced at around 1010GMT. 
- NON-COMP: A non-competitive auction will immediately follow the competitive
auction and will close on Thursday at 1600GMT, the NTMA said in the
announcement.

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