By Laura Contemori – ROME (Econostream) – Agence France Trésor (AFT) allotted €1.54 billion of inflation-linked government bonds at an auction on Thursday across four OATi and OAT€i lines.

The agency sold €426 million of the 0.60% July 2034 OAT€i at a weighted average yield of 1.24%, with bids totaling €1.111 billion and a bid-to-cover ratio of 2.61.

A further €441 million of the 0.10% July 2036 OAT€i was allotted at an average yield of 1.49%, drawing €1.187 billion in bids and a bid-to-cover ratio of 2.69.

The 0.10% July 2047 OAT€i attracted €989 million in bids, of which €303 million was allotted at an average yield of 2.03%, corresponding to a bid-to-cover ratio of 3.26.

In addition, AFT allotted €370 million of the 0.10% March 2036 OATi at an average yield of 1.86%, with bids totaling €1.105 billion and a bid-to-cover ratio of 2.99.

Settlement was scheduled for May 25, 2026. The total amount issued may be increased by non-competitive bids 2 (NCT2) to be held on May 22.