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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 5-Year Index-Linked OAT Auction fell to 0.69% in September 2024
FMPMonthlyReleased October 2024
France 5-Year Index-Linked OAT Auction fell to 0.69% in September 2024, released October 2024, down 0.06% from August's 0.75% reading.
Latest Release
0.690000
Actual
—
Consensus
0.750000
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 Index-Linked OAT Auction (France) was reported at 0.69% in October 2024. The reading fell from the previous value of 0.75%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
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 October 2024.
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5-Year Index-Linked OAT Auction - FR
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About 5-Year Index-Linked OAT Auction — France
DEFINITION
The 5-Year Index-Linked OAT Auction is a financial indicator used to measure the demand and pricing for French government bonds with a maturity of five 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 reflects the confidence in the French government's ability to manage inflation and maintain a stable economy.
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 (Oct 2024): actual 0.69 %. Prior reading (Aug 2024): 0.75 %. Before that (Jul 2024): 0.84 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed 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.