On Friday, the UK Debt....>

UK T-BILL AUCTION PREVIEW: On Friday, the UK Debt Management Office sells a

combined Stg3.5bln in T-bills. This includes re-opening 1-month Dec 31, 2018

T-bill for Stg0.5bln, re-opening 3-month Mar 4, 2019 T-bill for Stg1.0bln, and

selling new 6-month Jun 3, 2019 T-bill for Stg2.0bln.

- HISTORY: By comparison, at the previous week's sale, DMO sold:

- Stg0.5bln of 1-month Dec 24 T-bills at avg yield of 0.67%/cover of 2.97x.

- Stg1.0bln of 3-month Feb 25 T-bills at avg yield of 0.66%/cover of 3.35x.

- Stg2.0bln of 6-month May 28 T-bills at avg yield of 0.77%/cover of 1.81x.

- RV/BACKGROUND: Short-end yields are fairly steady compared with last week

despite continued Brexit uncertainty. MNI PINCH shows the probability of a BoE

rate hike by end-2019 at 82%, down from 100% a week ago. 6-month bill yields are

fairly steady (last around 0.79%).

- TIMING: Results are due shortly after the auction closes at 1100GMT.