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On Monday Dec 10 the...>

DUTCH T-BILL AUCTION PREVIEW
DUTCH T-BILL AUCTION PREVIEW: On Monday Dec 10 the Dutch State Treasury comes to
market for E2.0-4.0bln in DTCs. On offer are the 3-month Feb 28, 2019 DTC and
6-month May 31 DTC (amounts for each are E1-2bln). 
HISTORY: For comparison at the previous tender: 
E1.61bln of the 3-month DTC was allotted at an average yield of -0.80%. 
E1.24bln of the 6-month DTC was allotted at an average yield of -0.66%.  
RV/BACKGROUND: Broad risk-off moves in early December have helped Dutch bonds
rally with yields falling across the cash curve. The 3-month DTC currently
trades at a yield of -0.786%, with the 6-month DTC trading at -0.711%.
TIMING: Results are due shortly after the auction closes at 1030GMT. 

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