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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 8-Year OAT Auction fell to 2.77% in August 2024
FMPMonthlyReleased September 2024
France 8-Year OAT Auction fell to 2.77% in August 2024, released September 2024, down 0.19% from July's 2.96% reading.
Latest Release
2.770000
Actual
—
Consensus
2.960000
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
8-Year OAT Auction (France) was reported at 2.77% in September 2024. The reading fell from the previous value of 2.96%.
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 September 2024.
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8-Year OAT Auction - FR
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About 8-Year OAT Auction — France
DEFINITION
The 8-Year OAT Auction is a financial indicator that measures the demand and interest for French government bonds with a maturity of 8 years. It is conducted by the French Treasury and provides insight into the country's borrowing costs and overall economic stability. This auction is closely monitored by investors and analysts as it reflects the confidence in the French economy and its ability to repay its debt.
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 (Sep 2024): actual 2.77 %. Prior reading (Jul 2024): 2.96 %. Before that (Jun 2024): 3.05 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.