France also taps 3 linker....>

FRANCE AUCTION PREVIEW: France also taps 3 linker issues Thursday, OATei 0.25%

Jul-24, OATi 0.1% Mar-28 and OATei 0.7% Jul-30 in a fairly standard size of

E1.25bln-E1.75bln. 

- RV: Breakevens have been trading in a tight range for the past month or so as

the recent rise in oil prices has been marginally off-set by the continued

strength of the Euro. However, Eurozone inflation has ticked lower in December

and there are some concerns that base effects will continue to weigh on

inflation in the next few months.

- HISTORY: The Last linker auction was also back in November were the AFT tapped

3 OATei's for a total of E2bln with one of them being the 0.25% Jul-24 with the

AFT allotting E742mln at average yield -1.22% 

- RESULTS: Linker bidding closes at 1050GMT. Results due around 1100GMT.