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France sells E5.873bln of BTFs vs E4.4-6.0bln target

FRANCE T-BILL AUCTION RESULTS
  • E2.596bln of new 13-week May 27, 2021 BTFs:
    • Average yield -0.617% (-0.642%)
    • Bid-to-cover 2.64x (2.08x)
    • Issuance target: E2.2-2.6bln
    • E3.300bln issued previously
  • E1.400bln of 22-week Jun 30, 2021 BTFs
    • Average yield -0.616% (-0.635%)
    • Bid-to-cover 3.71x (4.37x)
    • Issuance target: E1.1-1.5bln
    • E1.396bln issued previously
  • E0.485bln of 40-week Dec 1, 2021 BTFs:
    • Average yield -0.622%
    • Bid-to-cover 5.23x
    • Issuance target: E0.1-0.5bln
  • E1.392bln of 48-week Jan 26, 2022 BTFs:
    • Average yield -0.614% (-0.637%)
    • Bid-to-cover 3.06x (3.27x)
    • Issuance target: E1.0-1.4bln
    • E1.598bln issued previously

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