On Jan 10 the..........>

ITALY T-BILL AUCTION PREVIEW: On Jan 10 the Dipartimento del Tesoro will come to

market for E7.0bln selling 12-month Jan 14, 2020 BOTs. 

- HISTORY: For comparison at the last auction of a 12-month BOT on Dec 13, 2018:

E5.5bln allotted, average yield 0.37%, cover 1.62x. 

- RV/BACKGROUND: Better than expected US employment data and some upbeat

comments from Fed Chair Powell put Euribor futures on the back foot at the close

of last week. 

Moving forward external factors will continue to be the larger drivers; there

are a number of Fed speakers including Powell, while the UK parliament is due to

begin to debate the Brexit deal on Thursday afternoon. 

White contracts are generally around 1-1.5 ticks lower than last week now with

Reds are largely. Greens 1-2.5 ticks higher, and Blues 3-5 ticks higher.

- TIMING: Results are due shortly after the auction closes at 1000GMT.