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France sells E6.294bln of BTFs vs E5.1-6.3bln target

FRANCE T-BILL AUCTION RESULTS
  • E3.300bln of new 12-week May 12, 2021 BTFs:
    • Average yield -0.642% (-0.643%)
    • Bid-to-cover 2.08x (4.54x)
    • Issuance target: E2.9-3.3bln
    • E2.796bln issued previously
  • E1.396bln of new 23-week Jun 30, 2021 BTFs
    • Average yield -0.635% (-0.635%)
    • Bid-to-cover 4.37x (6.37x)
    • Issuance target: E1.0-1.4bln
    • (Brackets refer to E1.196bln sale of Jun 30, 2021 BTF)
  • E1.598bln of 49-week Jan 26, 2022 BTFs:
    • Average yield -0.637% (-0.642%)
    • Bid-to-cover 3.27x (3.11x)
    • Issuance target: E1.2-1.6bln
    • E1.897bln issued previously

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