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On Dec 7 the UK Debt......>

UK T-BILL AUCTION PREVIEW
UK T-BILL AUCTION PREVIEW: On Dec 7 the UK Debt Management Office will hold
their weekly T-bill tender. On offer are the 1-month Jan 7, 2019 T-bill for
Stg0.5bln, the 3-month Mar 11, 2019 T-bill for Stg1.0bln, and 6-month Jun 10,
2019 T-bill for Stg2.0. 
- HISTORY: For comparison at last weeks tender: Stg0.5bln of the 1-month T-bill
was allotted at an average yield of 0.73%, cover of 3.63x. 
Stg1.0bln of the 3-month T-bill was allotted at an average yield of 0.65%, cover
of 3.58x. 
Stg2.0bln of the 6-month T-bill was allotted at an average yield of 0.77%, cover
of 2.26x. 
- RV/BACKGROUND: The front-end of the gilt curve lacked direction across
Thursday whilst the longer-end has rallied, the 2-year benchmark yield holding
within the 0.723/0.749% range. Inflation breakevens edged lower through to
mid-morning before ticking up after midday. 
- TIMING: Results will be due shortly after the auction has closed around
1030GMT.

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