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France sells E5.585bln of BTFs vs E4.4-5.6bln target

FRANCE T-BILL AUCTION RESULTS
  • E2.495bln of 12-week Apr 28, 2021 BTFs:
    • Average yield -0.631% (-0.624%)
    • Bid-to-cover 3.82x (3.21x)
    • Issuance target: E2.1-2.5bln
    • E2.895bln issued previously
  • E1.394bln of 21-week Jun 30, 2021 BTFs
    • Average yield -0.627% (-0.624%)
    • Bid-to-cover 4.50x (4.36x)
    • Issuance target: E1.0-1.4bln
    • E1.399bln issued previously
  • E1.696bln of 51-week Jan 26, 2022 BTFs:
    • Average yield -0.642% (-0.621%)
    • Bid-to-cover 3.89x (4.51x)
    • Issuance target: E1.3-1.7bln
    • E1.196bln issued previously
    • (Compared to 46-week Dec 15, 2021 BTF)

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