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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 16-Year Index-Linked OAT Auction climbed to 1.19% in October 2024
FMPMonthlyReleased November 2024
France 16-Year Index-Linked OAT Auction climbed to 1.19% in October 2024, released November 2024, up 0.13% from September's 1.06% reading.
Latest Release
1.190000
Actual
—
Consensus
1.060000
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
16-Year Index-Linked OAT Auction (France) was reported at 1.19% in November 2024. The reading rose from the previous value of 1.06%.
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 Consumer Confidence (May 27) and Unemployment Benefit Claims (May 27).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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16-Year Index-Linked OAT Auction - FR
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About 16-Year Index-Linked OAT Auction — France
DEFINITION
The 16-Year Index-Linked OAT Auction is a financial indicator used to measure the performance of French government bonds with a maturity of 16 years. These bonds are linked to the French consumer price index, providing investors with protection against inflation. The auction process allows the government to raise funds by selling these bonds to investors, while also providing a benchmark for the overall health of the French economy. This indicator is closely monitored by financial analysts and investors as it provides insights into the long-term inflation expectations and economic stability of France.
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 1.19 %. Prior reading (Oct 2024): 1.06 %. Before that (Sep 2024): 1.13 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.