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

DUTCH T-BILL AUCTION PREVIEW
DUTCH T-BILL AUCTION PREVIEW: The Dutch State Treasury Agency (DSTA) launch new
6-month May 31, 2018 DTC for between E1.0-E2.0bln on Monday.
- RV: The grey market is indicating a bid-yield of around -0.742% according to
Tradeweb which is a spread of -41.5bp vs Eonia and a pick up of 4bps compared to
the Apr 30, 2018 DTC.
- HISTORY: For comparison at the last the last 6-month DTC auction on Nov 6 the
DSTA allotted E1.1bln at an average yield of -0.755% and covered 2.15 times.
Prior to that on Nov 6 the DSTA allotted E1.49bln at average yield -0.76% and
covered 2.27 times
- TIMING: Results are due to be announced at around 1040GMT.

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