The auction of May 21, 2026 by the French Treasury Agency summarizes the paradox of sovereign markets. Paris raised 1.54 billion euros in indexed OATs, with weighted average rates ranging from 1.24% to 2.03% depending on the maturities, and coverage ratios ranging from 2.61 to 3.26 times. In other words, despite high public debt and…...
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Treasury bond market: what the wide gap between French OATs and UEMOA OATs reveals
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