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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 Jun 17, 2019 T-bill on Thursday. 
- RV: According to Tradeweb the grey market for the new 12-month Jun 17 T-bill
is indicating a mid-yield of -0.52% which is a premium of 2bp vs the Mar 18,
2019 T-bill. Compared to Eonia the new 12-month T-bill is seen at -17.4bps.
- HISTORY: For comparison at the last 12-month Irish T-bill auction on Mar 15
the NTMA sold E500mln at average yield of -0.53%, bid-to-cover of 2.88 times and
-17.9bps vs Eonia
- 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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