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Spain will tap the.....>

SPAIN T-BILL AUCTION PREVIEW
SPAIN T-BILL AUCTION PREVIEW: Spain will tap the 3-month Dec 7, 2018 and the
9-month Jun 14, 2019 Letras for a combined E1.5-2.5bln on Tuesday.
- RV/HISTORY: For comparative purposes at the last 3-month Letra auction
E0.325bln was allotted at an average yield of -0.521% and bid-to-cover ratio of
5.38x, and at the last 9-month Letra auction E1.43bln was allotted at an average
yield of -0.434% and a bid-to-cover ratio of 2.8x.    
- REDEMPTIONS: There are E5.1bln in EGB redemptions this week, but no
Spain-specific redemptions.
- TIMING: Results are due shortly after the auction closes at 0840GMT

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