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France, Oat auction: good demand and declining yields

This morning, Paris placed 4,346 billion government bonds with multiple maturities. The interest that France will have to pay has dropped since the last auctions: 6-year bonds recorded a yield of 2,42% and 10-year bonds of 3,18%. An immediate response followed from the spread falling below the 100 points threshold.

France, Oat auction: good demand and declining yields

Paris places almost 4 and a half billion Oats and the spread with the 10-year German bunds drops steeply. Demand was good (two to four times supply) and the Treasury was able to sell 3,346 billion euros. The amount proposed to be placed ranged between 3 and 4,5 billion euro. In short, to be the last auction of the year, the Elysium can be considered satisfied. 

Especially the yields. The obligations a 6 years were placed at 2,42% while the interest on government bonds a 10 years have decreased to 3,18% (from 3,22% in the early November auction). Yields on 15-year Oats also fell to 3,65%, compared to the last 3,77%. On the other hand, interest on bonds increased slightly 30 years a 3,94% compared to 3,72% at the beginning of September.   

Lo spread with the corresponding 100-year German bunds, it fell below the XNUMX point threshold and stood at 88 pb

The Cac 40 is in the red and loses 0,12% in line with the other European squares.   

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