The UK Debt Management....>

UK T-BILL AUCTION PREVIEW: The UK Debt Management Office will tap the market on

Friday for Stg5.0bln. On offer are the 1-month Nov 19, 2018 T-Bill for

Stg0.5bln, the 3-month Jan 21, 2019 T-Bill for Stg3.0bln and new 6-month Apr 23,

2019 T-Bill for Stg1.5bln.

- History: The last auction of a 1-month T-Bill was the Nov 12, 2018 with

Stg0.5bln allotted at an average yield of 0.645% and bid-to-cover ratio of 3.3x.

The last 3-month auction was the Jan 14, 2019 with Stg3.0bln allotted at an

average yield of 0.686% and bid-to-cover of 2.3x. The last 6-month T-bill

auction was the Apr 15, 2019 with Stg1.5bln allotted at an average yield of

0.741% with a bid-to-cover of 2.4x. 

- RV: Both the 1-Month and 6-Month yields have remained flat over the past week

at 0.628% and 0.729% respectively. The 3-Month T-Bill yield has bounced back

from its 9bps fall last week to 0.658% and is currently at 0.711%.  

- TIMING: Results are due shortly after 1005GMT.