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UK T-BILL AUCTION PREVIEW
UK T-BILL AUCTION PREVIEW: The UK Debt Management Office will tap the market for
Stg5.0bln on Friday selling the 1-month Nov 26, 2018 for Stg0.5bln, the 3-month
Jan 28, 2019 for Stg3.0bln, and the 6-month Apr 29, 2019 for Stg1.5bln.
- HISTORY: The last auction of the 1-month bill was the Nov 19, 2018, with
Stg0.5bln allotted at an average yield of 0.644% with a bid-to-cover ratio of
3.35. The 3-month was the Jan 21, 2019, with Stg3.0bln allotted at an average
yield of 0.732% and bid-to-cover ratio of 1.76. The 6-month was the April 23,
2019, with Stg1.5bln allotted at an average yield of 0.732% and a bid-to-cover
of 2.82.  
- RV: The 1-month yield is 0.628%, falling from 0.708% last week. The 3-month is
0.706%, down from 0.731%.     
- RESULTS: Results will be announced shortly after the auction is finished
around 1000GMT.

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