The Agence France.....>

FRANCE T-BILL AUCTION PREVIEW: The Agence France Tresor will come to co market

on Monday for a combined E3.5-4.7bln in BTFs. 

On offer is the 3-month May 15 2019 BTF for E2.2-2.6bln, the 6-month July 31

2019 BTF for E0.7-1.1bln, and the 12-month Jan 29 2020 BTF for E0.6-1.0bln.

- HISTORY: The results of last weeks BTF auction are listed below: 

 3-month: average yield -0.50%, cover 2.47x.

 6-month: average yield -0.49%, cover 4.96x.

12-month: average yield -0.50%, cover 5.43x. 

- BACKGROUND: The struggling French economy has added downward pressure to

yields across the curve, whilst the government's ongoing war of words with

Italy's ruling 5Star party will do nothing for risk sentiment. 

The current yield levels of the above BFTs are as follows: The 3-month BTF is at

-0.532%, 6-month at -0.530%, and 12-month at -0.510%.     

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