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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 5-Year BTAN Auction climbed to 2.76% in January 2023
FMPMonthlyReleased February 2023
France 5-Year BTAN Auction climbed to 2.76% in January 2023, released February 2023, up 0.44% from December's 2.32% reading.
Latest Release
2.760000
Actual
—
Consensus
2.320000
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
5-Year BTAN Auction (France) was reported at 2.76% in February 2023. The reading rose from the previous value of 2.32%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.43%, up from the prior three at 1.96%.
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 February 2023.
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5-Year BTAN Auction - FR
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About 5-Year BTAN Auction — France
DEFINITION
The 5-Year BTAN Auction is a financial indicator that measures the demand for French government bonds with a maturity of 5 years. It is conducted by the Agence France Trésor, the agency responsible for managing the French government's debt, and serves as an important benchmark for investors to assess the country's creditworthiness and economic stability. The auction results provide insight into the current market sentiment and can impact interest rates and borrowing costs for the French government.
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 (Feb 2023): actual 2.76 %. Prior reading (Jan 2023): 2.32 %. Before that (Nov 2022): 2.21 %.
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 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.