On Monday the.........>

FRANCE T-BILL AUCTION PREVIEW: On Monday the Agence France Tresor will come to

market for a combined E3.8bln-E5.0bln. On offer are the 3-month May 29 2019,

6-month Jul 31 2019, and 12-month Jan 29 2020 BTFs. 

- HISTORY: Results of last weeks BTF auction are listed below: 

 3-month: average yield -0.51%, cover 2.71x, on 18/02/19.

 6-month: average yield -0.50%, cover 3.31x, on 18/02/19.

12-month: average yield -0.50%, cover 3.74x, on 18/02/19. 

- BACKGROUND: Talk of more TLTROs was floated again on Friday. Nowotny said that

a TLTRO decision would come later than March, and that if the slowdown was

"driven by one-offs" TLTROs may not be necessary. Final prints of German GDP and

Eurozone inflation were in line with expectations while the German IFO fell a

bit more than expected. This left Euribor Whites flat on the day, with Reds flat

to 0.5 ticks higher while Greens and Blues were 1-2 ticks higher.

- TIMING: Results are due shortly after the auction closes at 1350GMT.