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On Dec 3 the..........>

GERMAN T-BILL AUCTION PREVIEW
GERMAN T-BILL AUCTION PREVIEW: On Dec 3 the Deutschland Finanzagentur comes to
market for E2.0bln selling the new 6-month Jun 19, 2019 Bubill. 
- HISTORY: For comparison at the last auction of a 6-month Bubill on 26 Nov,
2019, E1.7bln was allotted at an average yield of -0.7855%, bid-to-cover 2.24x,
and buba cover 1.91x.   
- BACKGROUND: Fed dovishness saw the Dec 18 Bund future gain 9 ticks to 161.50
on Friday, having traded in a range of 161.27-161.58. The 2-Yr yield fell 0.1bps
to -0.598%, 5-Yr down 0.6bps to -0.269%, and 10-Yr down to 1.1bps at 0.31%. The
largest rally came form much further down the curve with 30-Yr Germany yield
down 1.5bps.  
- TIMING: Results will be due shortly after the auction closes at 1030GMT.  

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