Free Trial

Solid LT OAT auction

FRANCE AUCTION RESULTS
  • A decent skew towards the 10-year area in today's LT OAT auction with the on-the-run 3.50% Nov-33 OAT on offer alongside the 1.25% May-34 OAT and over E7.5bln sold between them.
  • In terms of the auction size, E11.926bln was sold (which is marginally smaller than the April LT OAT auction but smaller than Jan/Feb/March).
  • Bid-to-covers were fairly decent throughout with the low price above the pre-auction market price for all OATs sold.
  • Overall a solid auction.

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.