The 3-Month BTF (Bons à Taux Fixe) Auction represents the yield on short-term French government debt. It is a key indicator of the French government's borrowing costs and reflects investor confidence in the Eurozone's second-largest economy. High demand usually leads to lower yields, signaling a stable economic outlook or a flight to safety among investors.
The auction is conducted by the Agence France Trésor (AFT) using a Dutch auction format. The yield is determined by the weighted average price of all accepted bids from primary dealers.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 31, 2026 | 2.53 | — | — |
| Aug 24, 2026 | 2.50 | — | — |
| Aug 17, 2026 | 2.48 | — | — |
| Aug 10, 2026 | 2.45 | — | — |
| Aug 3, 2026 | 2.45 | — | — |
| Jul 27, 2026 | 2.42 | — | — |
| Jul 20, 2026 | 2.44 | — | — |
| Jul 13, 2026 | 2.41 | — | — |
| Jul 6, 2026 | 2.37 | — | — |
| Jun 29, 2026 | 2.38 | — | — |
| Jun 22, 2026 | 2.39 | — | — |
| Jun 15, 2026 | 2.35 | — | — |
| Jun 8, 2026 | 2.36 | — | — |
| Jun 1, 2026 | 2.29 | — | — |
| May 26, 2026 | 2.28 | — | — |
| May 18, 2026 | 2.25 | — | — |
| May 11, 2026 | 2.23 | — | — |
| May 4, 2026 | 2.22 | — | — |
| Apr 27, 2026 | 2.19 | — | — |
| Apr 20, 2026 | 2.16 | — | — |
| Apr 13, 2026 | 2.25 | — | — |
| Apr 7, 2026 | 2.25 | — | — |
| Mar 30, 2026 | 2.24 | — | — |
| Mar 23, 2026 | 2.23 | — | — |
| Mar 16, 2026 | 2.11 | — | — |
| Mar 9, 2026 | 2.10 | — | — |
| Mar 2, 2026 | 2.03 | — | — |
| Feb 23, 2026 | 2.01 | — | — |
| Feb 16, 2026 | 2.00 | — | — |
| Feb 9, 2026 | 2.00 | — | — |
| Feb 2, 2026 | 2.01 | — | — |
| Jan 26, 2026 | 2.02 | — | — |
| Jan 19, 2026 | 2.02 | — | — |
| Jan 12, 2026 | 2.03 | — | — |
| Jan 5, 2026 | 2.04 | — | — |
| Dec 15, 2025 | 2.08 | — | — |
| Dec 8, 2025 | 2.09 | — | — |
| Dec 1, 2025 | 2.07 | — | — |
| Nov 24, 2025 | 2.04 | — | — |
| Nov 17, 2025 | 2.03 | — | — |
| Nov 10, 2025 | 2.03 | — | — |
| Nov 3, 2025 | 2.01 | — | — |
| Oct 27, 2025 | 2.01 | — | — |
| Oct 20, 2025 | 1.99 | — | — |
| Oct 13, 2025 | 1.96 | — | — |
| Oct 6, 2025 | 2.00 | — | — |
| Sep 29, 2025 | 1.98 | — | — |
| Sep 22, 2025 | 2.01 | — | — |
| Sep 15, 2025 | 2.01 | — | — |
| Sep 8, 2025 | 1.99 | — | — |
