On Jan 8 the Austrian.......>

AUSTRIA AUCTION PREVIEW: On Jan 8 the Austrian Treasury comes to market for a

combined E1.265bln selling the 0.75% Feb-28 and 1.50% Feb-47 RAGBs. 

- HISTORY: For comparison at the last auction of the bonds on Oct 2 and May 8

respectively: 

E0.52bln of the 0.75% Feb-28 RAGB was allotted, average yield 0.61%, cover

2.39x. 

E0.40bln of the 1.50% Feb-47 RAGB was allotted, average yield 1.46%, cover

1.99x.    

- RV/BACKGROUND: Austrian 10-Yr RAGB rallied yields down to 0.422% last week as

markets re-opened in the new year with low liquidity, but recovered to the

0.480% level by Monday.  

Yields are continuing to climb towards the 0.503% level where they traded on

Dec-24. However the minor correction may be tested this week as the return of

political headline risk may see investors favour buying RAGBs over riskier

assets.  

- TIMING: Results are due shortly after the auction closes at 1015GMT.