The 5-Year OAT (Obligations Assimilables du Trésor) Auction is a primary market sale of French government bonds with a five-year maturity. These auctions are critical for financing the French national debt and serve as a benchmark for medium-term interest rates in the Eurozone. The yield and bid-to-cover ratio provide insights into investor confidence in the French economy and broader European fiscal stability.
The auction is conducted by the Agence France Trésor (AFT) using a Dutch auction format. Investors submit competitive bids, and the bonds are allocated starting from the lowest yield until the desired amount is raised.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jun 19, 2025 | 2.53 | — | — |
| Mar 20, 2025 | 2.80 | — | — |
| Feb 20, 2025 | 2.75 | — | — |
| Jan 23, 2025 | 2.84 | — | — |
| Nov 21, 2024 | 2.74 | — | — |
| Oct 17, 2024 | 2.53 | — | — |
| Aug 14, 2024 | 2.60 | — | — |
| Aug 1, 2024 | 3.21 | — | — |
| Jul 18, 2024 | 2.87 | — | — |
| Jun 20, 2024 | 3.03 | — | — |
| Jun 6, 2024 | 3.21 | — | — |
| May 16, 2024 | 2.76 | — | — |
| Apr 18, 2024 | 2.83 | — | — |
| Apr 4, 2024 | 3.09 | — | — |
| Mar 21, 2024 | 2.64 | — | — |
| Feb 15, 2024 | 2.62 | — | — |
| Jan 18, 2024 | 0.49 | — | — |
| Nov 16, 2023 | 2.89 | — | — |
| Oct 19, 2023 | 3.30 | — | — |
| Sep 21, 2023 | 3.14 | — | — |
| Aug 17, 2023 | 3.04 | — | — |
| Jul 20, 2023 | 2.85 | — | — |
| Jun 15, 2023 | 2.85 | — | — |
| May 17, 2023 | 2.68 | — | — |
| Apr 20, 2023 | 2.88 | — | — |
| Mar 16, 2023 | 2.66 | — | — |
