The 12-Month BTF Auction is a weekly event where the French government issues fixed-rate short-term discount treasury bills with a one-year maturity. As a core benchmark for Eurozone short-term debt, the auction results reflect investor confidence in the French economy and broader European fiscal stability. The yield determined at this auction influences various short-term lending rates across the continent.
The Agence France Trésor (AFT) uses a competitive bidding process to sell these bills. The primary indicators released are the total amount allotted, the weighted average yield, and the bid-to-cover ratio.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 31, 2026 | 2.86 | — | — |
| Aug 24, 2026 | 2.83 | — | — |
| Aug 17, 2026 | 2.78 | — | — |
| Aug 10, 2026 | 2.75 | — | — |
| Aug 3, 2026 | 2.74 | — | — |
| Jul 27, 2026 | 2.75 | — | — |
| Jul 20, 2026 | 2.75 | — | — |
| Jul 13, 2026 | 2.70 | — | — |
| Jul 6, 2026 | 2.55 | — | — |
| Jun 29, 2026 | 2.58 | — | — |
| Jun 22, 2026 | 2.64 | — | — |
| Jun 15, 2026 | 2.60 | — | — |
| Jun 8, 2026 | 2.67 | — | — |
| Jun 1, 2026 | 2.59 | — | — |
| May 26, 2026 | 2.58 | — | — |
| May 18, 2026 | 2.64 | — | — |
| May 11, 2026 | 2.61 | — | — |
| May 4, 2026 | 2.67 | — | — |
| Apr 27, 2026 | 2.55 | — | — |
| Apr 20, 2026 | 2.48 | — | — |
| Apr 13, 2026 | 2.63 | — | — |
| Apr 7, 2026 | 2.69 | — | — |
| Mar 30, 2026 | 2.66 | — | — |
| Mar 23, 2026 | 2.58 | — | — |
| Mar 16, 2026 | 2.35 | — | — |
| Mar 9, 2026 | 2.34 | — | — |
| Mar 2, 2026 | 2.10 | — | — |
| Feb 23, 2026 | 2.06 | — | — |
| Feb 16, 2026 | 2.04 | — | — |
| Feb 9, 2026 | 2.04 | — | — |
| Feb 2, 2026 | 2.06 | — | — |
| Jan 26, 2026 | 2.08 | — | — |
| Jan 19, 2026 | 2.08 | — | — |
| Jan 12, 2026 | 2.10 | — | — |
| Jan 5, 2026 | 2.12 | — | — |
| Dec 15, 2025 | 2.15 | — | — |
| Dec 8, 2025 | 2.15 | — | — |
| Dec 1, 2025 | 2.10 | — | — |
| Nov 24, 2025 | 2.08 | — | — |
| Nov 17, 2025 | 2.08 | — | — |
| Nov 10, 2025 | 2.06 | — | — |
| Nov 3, 2025 | 2.06 | — | — |
| Oct 27, 2025 | 2.05 | — | — |
| Oct 20, 2025 | 2.02 | — | — |
| Oct 13, 2025 | 2.02 | — | — |
| Oct 6, 2025 | 2.05 | — | — |
| Sep 29, 2025 | 2.06 | — | — |
| Sep 22, 2025 | 2.05 | — | — |
| Sep 15, 2025 | 2.05 | — | — |
| Sep 8, 2025 | 2.00 | — | — |
