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10/15-year & 30-year OATeis

FRANCE AUCTION PREVIEW
MNI (London)
  • On offer: A combined E1.0-1.5bln of the 0.10% Jul-31 OATei ( ISIN: FR0014001N38 ), 0.10% Jul-36 OATei ( ISIN: FR0013327491 ) and 0.10% Jul-53 OATei ( ISIN: FR0014008181 ).
  • Market colour: French linker yields saw substantial dips at the end of March due to market repricing prior to the Russian invasion of Ukraine. These amounted to respective falls of 100bp, 80bp and 40bp for the originally 10/15-year OATeis and the new 30-year OATei which are being reopened today. French linker yields have increasing substantially since around February 21, up around 9bp at the peak on March 8. Since then they have begun stepping down again, yet remain elevated.
  • Timing: Results will be available shortly after the auction closes at 10:50 GMT / 11:50 CET.

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