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UK's Debt Management......>

UK T-BILL AUCTION PREVIEW
UK T-BILL AUCTION PREVIEW: UK's Debt Management Office (DMO) re-open 1-month Apr
9, 2018 T-bill for Stg2.0bln, re-open 3-month Jun 11, 2018 T-bill for Stg1.0bln
and issue a new 6-month Sep 10, 2018 T-bill for Stg2.0bln Friday. 
- BACKGROUND: T-bill issuance falls to Stg5bln this week, while yields look to
have squeezed lower once again on concerns over possible trade wars and
continued uncertainty over Brexit.
- REDEMPTION: There is a T-bill redemption of Stg3.5bln on Monday, therefore
leaves net cash flow positive to the tune of Stg1.5bln, which is seen weighing
on demand.
- HISTORY: For comparison, at the last UK T-bill auction on Mar 2, the DMO sold
Stg2.0bln 1-month T-bill at average yield 0.252% cover 1.72 times, Stg2.0bln
3-month at average yield 0.258% cover 1.94 times, and Stg2.0bln 6-month at
average yield 0.492% cover 2.65 times. 
- TIMING: Results are due to be announced at around 1105GMT.

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