By Laura Contemori – ROME (Econostream) – Agence France Trésor (AFT) allotted €13.998 billion of medium-term government bonds (OATs) at an auction on Thursday across four lines maturing between 2029 and 2033.

The agency sold €2.88 billion of the 2.40% September 2029 OAT at a weighted average yield of 2.94%, with bids totaling €9.852 billion and a bid-to-cover ratio of 3.42.

A further €3.118 billion of the 2.75% February 2030 OAT was allotted at an average yield of 2.99%, with total bids of €9.462 billion and a bid-to-cover ratio of 3.03.

The largest portion of the auction consisted of €5.6 billion of the 3.25% February 2032 OAT, which was sold at an average yield of 3.25%. Total bids for the line reached €13.519 billion, corresponding to a bid-to-cover ratio of 2.41.

In addition, AFT allotted €2.4 billion of the 3.50% November 2033 OAT at an average yield of 3.48%, drawing €6.231 billion in bids and a bid-to-cover ratio of 2.60.

Settlement for all four lines 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.