France auctions four OAT government bonds totaling approximately 14 billion euros, with the highest bid multiplier reaching 3.999

⑴ France completed four OAT government bond auctions on Thursday, raising a total of approximately €13.999 billion, covering maturities in 2029, 2032 (two issues), and 2034. ⑵ The OAT maturing in September 2029 issued €4 billion with an average yield of 2.85% and a bid-to-cover ratio of 3.215, lower than the previous 2.94%. ⑶ The OAT maturing in February 2032 issued €5.3 billion with an average yield of 3.13% and a bid-to-cover ratio of 2.656, basically flat compared to the previous 3.25%. ⑷ The OAT maturing in November 2032 issued €2 billion with an average yield of 3.22% and a bid-to-cover ratio as high as 3.999, the highest level in this auction, with the yield significantly higher compared to the previous 2.89%. ⑸ The OAT maturing in November 2034 issued €2.699 billion with an average yield of 3.45% and a bid-to-cover ratio of 2.712, with the yield lower than the previous 3.61%.