Spain's EUR3.5 billion to EUR4.5 billion auction of 12-month and 18-month Treasury bills is expected to go smoothly, according to Credit Agricole CIB. "We do not expect a problem for the Treasury to raise the necessary amount, but the degree of appetite for the fresh supply could be a moderate sentiment driver today," Credit Agricole CIB strategist Orlando Green notes. Auction results are due between 0830 GMT and 0845 GMT.
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