Key figures

 

OAT€is indexation coefficients

OAT indexed on the eurozone HICP: indexation coefficients.

The base year (=100) for the HICP (consumer price index) has been changed from base 2005 to 2015, on 25 February 2016 for the January 2016 index.
To continue to calculate the indexation coefficients without interruption, the applicable reference inflation rates have been converted to the new base year by applying the following formula (clé):
FR_calculOATEi1.png
in order to obtain the following result:
FR_calculOATEi2.png
Please note that the coefficients calculated in the previous base, up to the coefficients for 1 March 2016, are not modified. The new base only applies to the coefficients calculated from 2 March 2016 onwards.

Download indexation coefficients up to 1 September 2019 (XLSX - 615 Ko)

Historical data - Base 2005 indexation coefficients since 25 July 2001 to 1 March 2016 (XLS - 822 Ko)

The 11 OAT€is are:

- OAT€i 2.25% 25 July 2020
- OAT€i 0.10% 1 March 2021
- OAT€i 1.10% 25 July 2022
- OAT€i 0.25% 25 July 2024
- OAT€i 1.85% 25 July 2027
- OAT€i 0.10% 1 March 2029
- OAT€i 0.70% 25 July 2030
- OAT€i 3.15% 25 July 2032
- OAT€i 0.10% 25 July 2036
- OAT€i 1.80% 25 July 2040
- OAT€i 0.10 % 25 July 2047

Long series of price indexes

2019_07_ind_oatEi_mai2019_uk.PNG2019-07_IPCE_mai2019_uk.PNG

Download the data (XLSX - 30 Ko)

According to the OAT€i specific characteritics, we use the first indices published by Eurostat to calculate the indexation coefficients, independently of subsequent statistical revisions. AFT publishes the data serie based on those first published indices. Thus, the serie published here may be different from the one published today by Eurostat, in case of revision.

 

Yield of the OAT€i 0.70% 25 July 2030 and breakeven inflation in the Eurozone*

daily quotes

2019-07_rend_tit_ref_OATEI_uk.PNG

* difference between the yield of the OAT 2.50% 25 May 2030 and the yield of the OAT€i 0.70% 25 July 2030

Source: Bloomberg

 

 

Breakeven inflation

daily quotes in %

2019-07_pt_mrt_infla_OATEI_uk.PNG

(1) difference between the yield of the OAT 2.50% May 2030  and the yield of the OAT€i 0.70% July 2030

(2) difference between the yield of the OAT 2.00% May 2048 and the yield of the OAT€i 0.10% July 2047

Source: Bloomberg

Medium and long term negotiable government debt (OAT€i)

2019-08_dette_OATEi_uk.png