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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 30-Year Index-Linked OAT Auction fell to 0.98% in June 2024
FMPMonthlyReleased July 2024
France 30-Year Index-Linked OAT Auction fell to 0.98% in June 2024, released July 2024, down 0.03% from May's 1.01% reading.
Latest Release
0.980000
Actual
—
Consensus
1.010000
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
30-Year Index-Linked OAT Auction (France) was reported at 0.98% in July 2024. The reading fell from the previous value of 1.01%.
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 July 2024.
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30-Year Index-Linked OAT Auction - FR
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About 30-Year Index-Linked OAT Auction — France
DEFINITION
The 30-Year Index-Linked OAT Auction is a financial indicator that measures the demand and pricing of French government bonds with a maturity of 30 years, linked to the country's inflation index. This auction provides valuable insight into the market's confidence in the long-term stability of the French economy and its ability to manage inflation. It is closely monitored by investors and analysts as a key indicator of the country's economic health and future borrowing costs.
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 (Jul 2024): actual 0.98 %. Prior reading (Jun 2024): 1.01 %. Before that (May 2024): 0.74 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.