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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 10-Year Index-Linked OAT Auction climbed to 1.03% in October 2024
FMPMonthlyReleased November 2024
France 10-Year Index-Linked OAT Auction climbed to 1.03% in October 2024, released November 2024, up 0.17% from September's 0.86% reading.
Latest Release
1.030000
Actual
—
Consensus
0.860000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| CAC 40 | ▲ Direct | +0.50 | INDEX | Bullish FR | → View |
| EUR/USD | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
10-Year Index-Linked OAT Auction (France) was reported at 1.03% in November 2024. The reading rose from the previous value of 0.86%.
WHY IT MATTERS
The trailing three releases averaged 0.92%, up from the prior three at 0.7%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with CAC 40 (Bullish FR). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (Jun 23) and S&P Global Manufacturing PMI (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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10-Year Index-Linked OAT Auction - FR
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About 10-Year Index-Linked OAT Auction — France
DEFINITION
The 10-Year Index-Linked OAT Auction is a financial indicator that measures the demand for French government bonds with a maturity of 10 years, which are linked to the country's inflation rate. This auction provides insight into the market's confidence in France's economic stability and inflation expectations, making it a key indicator for investors and policymakers.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2024): actual 1.03 %. Prior reading (Oct 2024): 0.86 %. Before that (Jul 2024): 0.88 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.