FRANCE AUCTION RESULTS: LT OATs
Nov-06 09:58
| 3.50% Nov-35 OAT | 3.60% May-42 OAT | 3.00% Jun-49 Green OAT | |
| ISIN | FR0014012II5 | FR001400WYO4 | FR001400NEF3 |
| Amount | E7.2bln | E2.257bln | E1.526bln |
| Previous | E5.49bln | E1.93bln | E5bln |
| Avg yield | 3.43% | 3.92% | 4.12% |
| Previous | 3.51% | 4.04% | 3.83% |
| Bid-to-cover | 2.15x | 2.92x | 3.20x |
| Previous | 2.53x | 2.73x | |
| Avg Price | 100.55 | 96.13 | 83.23 |
| Low Price | 100.51 | 96.11 | 83.20 |
| Pre-auction mid | 100.419 | 95.907 | 82.955 |
| Prev avg price | 99.87 | 94.74 | 87.01 |
| Prev low price | 99.86 | 94.72 | |
| Prev mid-price | 99.745 | 94.532 | |
| Previous date | 02-Oct-25 | 04-Sep-25 | 29-Apr-25 |
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EURIBOR OPTIONS: Call Spread with Put Spread strip
Oct-07 09:58
EURM6 98.1875/98.25cs 1x1.75 with ERH6 98.00/97.9375ps sold as a strip at 1 in 4k.
GERMAN AUCTION RESULTS: Disappointing Bobl Auction
Oct-07 09:49
- The 1.11x bid-to-cover achieved at today's auction of the 2.20% Oct-30 Bobl was the joint lowest at a Bobl auction since July 2021 (1.11x was also reached in July 2022). Bid-to-offer also very weak at 0.84x.
- Demand metrics were similarly weak for other parts of the German curve recently but this has been the first time this has filtered through to the extent seen today to the Bobl segment.
- The low price achieved at the auction (99.48) was above the secondary market mid-price right before the cutoff (99.467), at least.
- No discernible price impact of the weak results on the line, this is not untypical for German auctions.
OUTLOOK: Price Signal Summary - EUROSTOXX50 Futures Bull Cycle Still In Play
Oct-07 09:48
- In the equity space, a bull cycle in S&P E-Minis remains intact. The contract traded to a fresh cycle high last week to confirm a resumption of the uptrend and maintain the positive price sequence of higher highs and higher lows. Sights are on 6812.29, a 2.382 projection of the Aug 20 - 28 - Sep 2 price swing. Initial support to watch is at the 20-day EMA, at 6694.17. It has recently been pierced, a clear break of it would signal scope for a deeper pullback.
- EUROSTOXX 50 futures remain in a bull-mode condition. Last week’s gains resulted in a breach of key resistance at 5525.00, the Aug 22 high. The break confirms a resumption of the uptrend. The impulsive climb opens the 5700.00 handle next, with potential for a test of 5727.18 further out, a 1.236 projection of the Aug 1 - 22 - Sep 2 price swing. Initial firm support is 5525.00, Aug 22 high.
