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The Dutch State........>

DUTCH T-BILL AUCTION PREVIEW
DUTCH T-BILL AUCTION PREVIEW: The Dutch State Treasury Agency (DSTA) is expected
to issue a new 6-month Feb 28, 2018 DTC for between E1.0-E2.0bln on Monday.
- RV: Mid-yield on the 6-month Jan 31, 2018 DTC is currently seen at -0.699%
which close to the bottom end of its 1-month range of between -0.614% to
-0.712%. As for the new 6-month Feb 28, 2018 DTC, the grey market is indicating
a mid-yield of around -0.675%, which is -31.7bps vs Eonia.
- HISTORY: For comparison at the last 6-month DTC auction on Aug 7 the DSTA
allotted E1.59bln at average yield -0.642% and cover of 2.94 times. At the prior
6-month DTC auction on Jul 3 the DSTA allotted E1.71bln at an average yield of
-0.611% and covered 1.6 times. 
- TIMING: Results are due to be announced at around 0940GMT.

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