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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.
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The Italian............>
ITALY T-BILL AUCTION PREVIEW: The Italian Dipartimento Del Tesoro issue a new
6-month Nov 30, 2018 BOT for E5.5bln Tuesday.
- RV: The mid-yield on the old 6-month Oct 31, 2018 BOT is currently seen at
-0.09% according to Tradeweb, at the top end of its 1-month range of between
-0.409% to 0.08. As for the new Nov 30, 2018 BOT the grey market is indicating a
mid-yield of around 0.35% due to the political uncertainty and markets unsure of
how much demand there will be for the news BOT.
- HISTORY: For comparison, at the last 6-month auction on Apr 26, the finance
ministry sold E6bln at an average yield of -0.421% and bid-to-cover of 1.65
times. Prior to this on Mar 27, E6bln was sold at an average yield of -0.426%
and cover of 1.63 times.
- REDEMPTION: There will be a BOT redemption on Mar 29 totalling E6bln, leaving
net cash flow flat which is seen underpinning demand.
- TIMING: Results are due to be announced at around 0905GMT.
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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.