Free Trial

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

DUTCH T-BILL AUCTION PREVIEW
DUTCH T-BILL AUCTION PREVIEW: The Dutch State Treasury Agency (DSTA) re-open
2.5-month May 31, 2018 DTC for between E1.0-E2.0bln and 5.5-month Aug 31, 2018
DTC for between E1.0-E2.0bln on Monday.
- BACKGROUND: 
- RV: Ask-yield on the May 31, 2018 DTC is currently seen at -0.724% towards the
middle of its 1-month range of between -0.647% to -0.759% and is -35.2bp vs
Eonia according to tradeweb. As for the Aug 31, 2018 DTC ask-yield is currently
seen at -0.662% towards the top end of its 2-week range of between -0.653% to
-0.681%, and is -29bp vs Eonia.
- HISTORY: For comparison at the last 2.5-month DTC auction on Feb 19 the DSTA
allotted E1.28bln at average yield -0.671% and cover of 1.58 times. As for the
Aug 31, 2018 DTC this was launched on Mar 5 were the DSTA allotted E1.58bln at
an average yield of -0.665% and covered 1.44 times. 
- TIMING: Results are due to be announced at around 1040GMT.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.