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

DUTCH T-BILL AUCTION PREVIEW
DUTCH T-BILL AUCTION PREVIEW: The Dutch State Treasury Agency (DSTA) issue a new
6-month Jan 31, 2019 DTC for between E1.0-E2.0bln on Monday.
- RV: The grey market is indicating a mid-yield of around -0.623% according to
Tradeweb and with 6-month Eonia currently at -0.358% gives a spread of -26.55bps
and a 2.7bp pick up compared to the Nov 30, 2018 DTC. In general Core/Semi-core
Eurozone T-bill yields have edged lower over June as the ECB indicates rates
will remain lower  for longer
- HISTORY: For comparison at the last 6-month DTC auction on Jun 18 the DSTA
allotted E1.52bln at average yield -0.615% and cover of 1.74 times. Prior to
this on Jun 4 the DSTA allotted E1.44bln at average yield -0.6% and cover 1.5
times.
- TIMING: Results are due to be announced at around 0940GMT.

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