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France will tap the market...>

FRANCE AUCTION PREVIEW
FRANCE AUCTION PREVIEW: France will tap the market for E8.75-10.75bln on
Thursday. On offer are the 0.00% Feb-22 OAT, 1.75% May-23 OAT, 0.00% Mar-25 OAT
(new), 1.10% Jul-22 OATei, 0.10% Mar-28 OATei and the 0.10% Jul-47 OATei.
- BACKGROUND: 
0.00% Feb-22 OAT: E2.0bln allotted on Mar 21; Average yield -0.380%, bid-to
cover 5.1x
1.75% May-23 OAT: E0.94bln allotted on Dec 6, 2018; Average yield -0.180%,
bid-to-cover 2.8x
1.10% Jul-22 OATei: E0.91bln allotted on May 17, 2018; Average yield -1.63%,
bid-to-cover 1.9x
0.10% Mar-28 OATei: E0.80bln allotted on Nov 21, 2018; Average yield -0.480%,
bid-to-cover 1.9x
0.10% Jul-47 OATei: E0.16bln allotted on Jan 24; Average yield -0.04%,
bid-to-cover 3.0x.
 TIMING: OAT results are due shortly after 0950BST. Linker results published an
hour later.

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