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UK T-BILL AUCTION PREVIEW
UK T-BILL AUCTION PREVIEW: The UK Debt Management office will tap the market for
Stg5.5bn on Friday. On offer are the 1-month Oct 15, 2018 T-Bill for Stg2.0bln,
the 3-month Dec 17, 2018 T-Bill for Stg2.0bln and new 6-month Mar 18, 2019
T-Bill for Stg1.5bln.
- RV/HISTORY: For comparative purposes, the last auction of a 1-month T-Bill was
the Oct 8, 2018 with Stg2.0bln allotted at an average yield of 0.7097% and
bid-to-cover ratio of 2.49x. The last 3-month T-Bill auction was the Dec 10,
2018 with Stg2.0bln allotted at an average yield of 0.742% and bid-to-cover of
1.74x. The last 6-month T-Bill auction was the Mar 11, 2019 with Stg1.5bln
allotted at an average yield of 0.7428% and bid-to-cover of 3.2x.
- REDEMPTIONS: There are no redemptions to support the auction.
- TIMING: Results are due shortly after 1005GMT.

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