The UK Debt Management....>

UK T-BILL AUCTION PREVIEW: The UK Debt Management office will tap the market for

Stg5.0bn on Friday, re-opening 1-month Nov 12, 2018 T-bill for Stg0.5bln,

re-opening 3-month Jan 14, 2019 T-bill for Stg3.0bln, and selling new 6-month

Apr 15, 2019 for Stg1.5bln.

- HISTORY: For comparative purposes, the last auction of a 1-month T-Bill was

the Nov 5, 2018 with Stg0.5bln allotted at an average yield of 0.655% and

bid-to-cover ratio of 4.1x. The last 3-month T-Bill auction was the Jan 7, 2019

with Stg2.0bln allotted at an average yield of 0.684% and bid-to-cover of 3.5x.

The last 6-month T-Bill auction was the Apr 8, 2019 with Stg1.5bln allotted at

an average yield of 0.741% and bid-to-cover of 2.5x.

- RV: Short-term yields have fallen over the past week alongside a correction in

equities, with the 3-month mid yield down from 0.720% to 0.655%.

- TIMING: Results are due shortly after 1005GMT.