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T-BILL AUCTION PREVIEW: On Tuesday the ESM......>

ESM
ESM: T-BILL AUCTION PREVIEW: On Tuesday the ESM will tap the market for E2.0bln
when auctioning the new 6-month Aug 22 2019 bill.
- HISTORY: The result of the last auction of the above bill is listed below:
6-month bill: average yield -0.57%, cover 3.4x, on 24/01/2019.  
- BACKGROUND: There are E2.0bln in redemptions going from the ESM to the market
this week which should provide sufficient support for Tuesday's auction.   
- TIMING: Results are due shortly after the auction closes at 1130GMT. 

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