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France will auction the......>

FRANCE AUCTION PREVIEW
MNI (London)
FRANCE AUCTION PREVIEW: France will auction the the 0.0% Nov-29 OAT, 1.25%
Nov-34 OAT and the 0.75% May-52 OAT Thursday for a combined size of
E8bln-9.5bln.
- RV/HISTORY: The French curve has unwound some of its flattening move in recent
sessions as the front-end outperforms on ECB stimulus speculation. France has
underperformed Bunds in recent weeks but has managed to unwind some of this
underperformance with 10-year OAT/Bund yield spread last at +30.7bps vs +32.6bps
Monday. The 0.0% Nov-29 OAT trades at -0.316% mid-yield and was last sold on Feb
6 for E4.931bln at average yield -0.11%, cover 2.16x. The 1.25% Nov-34 OAT
trades at -0.087% and was last sold on Feb 6 for E1.565bln at an average yield
of 0.16% and cover 2.16x. The 0.75% May-52 OAT trades at 0.447% mid-yield and is
the first tap since it was syndicated for E5bln on Jan 28 at OAT 1.5% 05/2050
+4bps Reoffer price 100.659/reoffer yield 0.727%.
- TIMING: Results are due out at 0950GMT.

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