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On Dec 5 Greece tap...>

GREECE T-BILL AUCTION PREVIEW
GREECE T-BILL AUCTION PREVIEW: On Dec 5 Greece tap the market for E1.25bln,
selling 6-month June 7, 2019 Bills. 
- HISTORY: For comparison at the last auction of a 6-month Bill on Oct 31,
E0.875bln was allotted at an average yield of 0.85% with a cover of 1.31x. 
- RV/BACKGROUND: The 6-month bill currently trades around 1.50% yield, having
last previously been as high in January. The yield traded as low as 1.02% in
June but has steadily climbed up since.  
The 10-year GGB yield currently trades at 4.24%, with the spread Vs Bunds at
396bps.
The Athens Composite Index has rebounded this month showing greater risk
appetite in Greece relative to the ret of the quarter, however the index remains
closer to year lows than highs.    
- TIMING: Results will be due shortly after the auction has closed around
1100GMT. 

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