Today the Greek.......>

GREECE T-BILL AUCTION PREVIEW: Today the Greek Public Debt Agency will come to

market for E0.625bln. On offer is the 3-month May 10, 2019 bill. 

- HISTORY: For comparative purposes at the last auction of a 3-month bill on Jan

9: 

E0.625bln was allotted, average yield 0.67%, cover 1.83x. 

- BACKGROUND: The Greek economy is finally starting to re-emerge from the global

crisis with GDP growth projected at 2.4% this year, and the government last week

raised capital via the bond market for the first time since exiting from its

support programme. There are however still serious red flags in an economy with

unemployment at 18.1% and wages still 3% below their pre-crisis peak.

The 3-month bill on offer is currently trading at a yield of 1.47% with a price

of 99.74, Euribor whites and reds were unchanged yesterday but greens and blues

were generally 0.5 ticks lower.   

- TIMING: Results will be due shortly after the auction closes at 1030GMT.