Free Trial

On Nov 12 the.........>

FRANCE T-BILL AUCTION PREVIEW
FRANCE T-BILL AUCTION PREVIEW: On Nov 12 the Agence France Tresor taps the
market for a combined E4.8bln-E5.6bln. On offer is the reopened 3-month Feb 6,
2019 BTF for E2.6-E3.0bln, the re-opened 6-month Apr 10, 2019 BTF for
E0.7-E1.1bln, and the new 12-month Nov 6, 2019 BTF for E0.7bln-E1.1bln.  
- HISTORY: At the last auction on Nov 5 France allotted:
E3.0bln of the 3-month BTF at an average yield of -0.735% with a cover 2.01x.
E1.09bln of the 6-month BTF at an average yield of -0.667% with a cover 3.11x.
E0.9bln of the 12-month BTF at an average yield of -0.626% with a cover 3.77x.
- RV/BACKGROUND: As of writing (09/11) the 3-month Feb 6, 2019 BTF trades at
-0.710% having been at -0.699%. It looks well set to close above it's pervious
high close of 0.727%.
The 6-month Apr 10, 2019 BTF is trading at it's high of -0.657% having traded as
low as -0.672% on Nov 2. 
The new 12-month Nov 6, 2019 BTF is currently trading at -0.595/-0.619 on the
grey market.  
- TIMING: Results will be due shortly after the auction close at 1400GMT.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.