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DUTCH T-BILL AUCTION PREVIEW
DUTCH T-BILL AUCTION PREVIEW: The Dutch State Treasury Agency (DSTA) re-open
2.5-month Mar 29, 2018 DTC for between E1.0-E2.0bln and 5.5-month Jun 29, 2018
DTC for between E1.0-E2.0bln on Monday.
- RV: Mid-yield on the Mar 29, 2018 DTC is currently seen at -0.546% at the top
end of its 1-month range of between -0.54% to -0.962% and is -19.8bp vs Eonia.
As for the Jun 29, 2018 DTC mid-yield is currently seen at -0.578% close to the
top end of its 1-week range of between -0.56% to -0.622%, and is -23.5bp vs
Eonia.
- HISTORY: For comparison at the last 3-month DTC auction on Nov 20 the DSTA
allotted E1.11bln at average yield -0.925% and cover of 1.83 times. As for the
5.5-month DTC auction this was launched on Jan 8 were the DSTA allotted E1.38bln
at an average yield of -0.605% and covered 1.77 times. 
- TIMING: Results are due to be announced at around 1040GMT.

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