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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 3-Year Index-Linked OAT Auction fell to 0.9% in May 2024
FMPMonthlyReleased June 2024
France 3-Year Index-Linked OAT Auction fell to 0.9% in May 2024, released June 2024, down 2.15% from April's 3.05% reading.
Latest Release
0.900000
Actual
—
Consensus
3.050000
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
3-Year Index-Linked OAT Auction (France) was reported at 0.9% in June 2024. The reading fell from the previous value of 3.05%.
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 June 2024.
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3-Year Index-Linked OAT Auction - FR
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About 3-Year Index-Linked OAT Auction — France
DEFINITION
The 3-Year Index-Linked OAT Auction is a financial indicator used by investors to track the performance of French government bonds with a maturity of three years. These bonds are linked to the French consumer price index, providing investors with a hedge against inflation. The auction allows the government to raise funds by selling these bonds to investors, while also providing a reliable benchmark for the market. This indicator is closely monitored by financial experts as it reflects the current economic conditions and inflation expectations in 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 (Jun 2024): actual 0.9 %.
WHAT'S NEXT
This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.