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On Dec 14 the UK Debt.....>

UK T-BILL AUCTION PREVIEW
UK T-BILL AUCTION PREVIEW: On Dec 14 the UK Debt Management Office comes to
market for Stg4.5bln in the UK's weekly tender. On offer are the 1-month Jan 14,
2019 T-bill for Stg1.5bln, 3-month Mar-18, 2019 T-bill for Stg1.5bln and 6-month
Jun 17, 2019 T-bill. 
- HISTORY: For comparative purposes at last weeks tender: 
E1.0bln of the 1-month T-bills were sold, average yield 0.58%, cover 4.53x. 
E1.5bln of the 3-month T-bills were sold, average yield 0.65%, cover 2.49x. 
E2.0bln of the 6-month T-bills were sold, average yield 0.76%, cover 2.29x. 
- RV/BACKGROUND: UK markets have been run by Brexit headlines this week. The
final one being that Theresa May won Wednesday night's confidence vote and can
now not be challenged for another year. 
Short sterling is slightly lower after the vote with the market seeing 'no-deal'
as less likely. Whites and Reds are down 1-2 ticks, Greens and Blues staying
steady. 
- TIMING: Results will be due shortly after the auction has closed around
1100GMT.

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