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

DUTCH T-BILL AUCTION PREVIEW
DUTCH T-BILL AUCTION PREVIEW: The Dutch State Treasury Agency (DSTA) re-open
5.5-month Mar 29, 2018 DTC for between E1.0-E2.0bln on Monday.
- RV: Mid-yield on the Mar 29, 2018 DTC is currently seen at -0.679% which is
close to the bottom end of its 2-week range of between -0.641% to -0.689% and is
-32.25bp vs Eonia according to Tradeweb.
- HISTORY: For comparison at the launch of the Mar 29, 2018 DTC on Oct 2, the
DSTA allotted E1.45bln at an average yield of -0.711% and covered 2.01 times.
Prior to this on Sep 18 the DSTA allotted E1.47bln of a 6-month DTC at an
average yield of -0.73% and covered 2.39 times.
- TIMING: Results are due to be announced at around 0940GMT.

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