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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
2.5-month Feb 28, 2018 DTC for between E1.0-E2.0bln and 5.5-month May 31, 2018
DTC for between E1.0-E2.0bln on Monday.
- BACKGROUND: 
- RV: Bid-yield on the Feb 28, 2018 DTC is currently seen at -0.885% according
to Tradeweb which towards the bottom end of its 1-month range of between -0.747%
to -0.942% and is -90.5bp vs Eonia. As for the May 31, 2018 DTC bid-yield is
currently seen at -0.719% close to the top end of its 1-week range of between
-0.709% to -0.754%, and is -39.7bp vs Eonia.
- HISTORY: For comparison at the last 3-month DTC auction on Nov 20 the DSTA
allotted E1.45bln at average yield -0.810% and cover of 2.8 times. As for the
5.5-month DTC auction this was launched on Dec 4 were the DSTA allotted E1.32bln
at an average yield of -0.775% and covered 1.86 times. 
- TIMING: Results are due to be announced at around 1040GMT.

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