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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 6-Year Index-Linked OAT Auction fell to 0.7% in October 2023
FMPMonthlyReleased November 2023
France 6-Year Index-Linked OAT Auction fell to 0.7% in October 2023, released November 2023, down 0.04% from September's 0.74% reading.
Latest Release
0.700000
Actual
—
Consensus
0.740000
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
6-Year Index-Linked OAT Auction (France) was reported at 0.7% in November 2023. The reading fell from the previous value of 0.74%.
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 November 2023.
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6-Year Index-Linked OAT Auction - FR
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About 6-Year Index-Linked OAT Auction — France
DEFINITION
The 6-Year Index-Linked OAT Auction is a financial indicator used to measure the demand for French government bonds with a maturity of six 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 current market interest rates. This indicator is closely monitored by financial institutions and investors as it reflects the confidence in the French economy and the government's ability to manage inflation.
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 (Nov 2023): actual 0.7 %. Prior reading (Mar 2023): 0.14 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.