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France Sells E6.499bn of OATs Vs E5.5-6.5bn Target

FRANCE AUCTION RESULTS
  • E1.590bn of the 5.75% Oct-32 OAT: Average yield -0.26%, bid-to-cover 2.08x, pre-auction mid-price 172.44
  • E1.991bn of the 1.25% May-36 OAT: Average yield -0.04% (0.09%), bid-to-cover 2.35x (1.92x), pre-auction mid-price 119.85
  • E1.085bn of the 4.50% Apr-41 OAT: Average yield 0.10%, bid-to-cover 2.82x, pre-auction mid-price 188.54
  • E1.833bn of the 2.00% May-48 OAT: Average yield 0.29%, bid-to-cover 1.87x, pre-auction mid-price 144.65

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