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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 42-Year OAT Auction climbed to 3.48% in June 2024
FMPMonthlyReleased July 2024
France 42-Year OAT Auction climbed to 3.48% in June 2024, released July 2024, up 0.69% from May's 2.79% reading.
Latest Release
3.480000
Actual
—
Consensus
2.790000
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
42-Year OAT Auction (France) was reported at 3.48% in July 2024. The reading rose from the previous value of 2.79%.
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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42-Year OAT Auction - FR
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About 42-Year OAT Auction — France
DEFINITION
The 42-Year OAT Auction is a financial indicator that measures the demand and interest for French government bonds with a maturity of 42 years. This auction provides insight into the confidence and stability of the French economy, as well as the overall sentiment of investors towards long-term investments. It is closely monitored by financial institutions and investors as it can impact the borrowing costs for the French government and influence the direction of the bond market.
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 3.48 %.
WHAT'S NEXT
This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.
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EXPECTED ZONE
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