The 6-Month BTF (Bons à Taux Fixe) Auction represents the issuance of short-term sovereign debt by the French Treasury (Agence France Trésor). These securities are discount instruments with a fixed maturity of approximately 26 weeks. Investors monitor the average yield and the bid-to-cover ratio to assess the demand for French debt and the overall liquidity in the Eurozone money markets. It serves as a vital indicator for short-term interest rate trends in Europe.
The auction is conducted via a Dutch auction system where the French Treasury accepts bids starting from the lowest yield until the desired amount is raised. The results are reported as the weighted average yield of all accepted bids.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 31, 2026 | 2.65 | — | — |
| Aug 24, 2026 | 2.67 | — | — |
| Aug 17, 2026 | 2.61 | — | — |
| Aug 10, 2026 | 2.58 | — | — |
| Aug 3, 2026 | 2.58 | — | — |
| Jul 27, 2026 | 2.59 | — | — |
| Jul 20, 2026 | 2.55 | — | — |
| Jul 13, 2026 | 2.54 | — | — |
| Jul 6, 2026 | 2.46 | — | — |
| Jun 29, 2026 | 2.48 | — | — |
| Jun 22, 2026 | 2.48 | — | — |
| Jun 15, 2026 | 2.46 | — | — |
| Jun 8, 2026 | 2.51 | — | — |
| Jun 1, 2026 | 2.44 | — | — |
| May 26, 2026 | 2.38 | — | — |
| May 18, 2026 | 2.41 | — | — |
| May 11, 2026 | 2.42 | — | — |
| May 4, 2026 | 2.48 | — | — |
| Apr 27, 2026 | 2.34 | — | — |
| Apr 20, 2026 | 2.32 | — | — |
| Apr 13, 2026 | 2.45 | — | — |
| Apr 7, 2026 | 2.51 | — | — |
| Mar 30, 2026 | 2.41 | — | — |
| Mar 23, 2026 | 2.41 | — | — |
| Mar 16, 2026 | 2.20 | — | — |
| Mar 9, 2026 | 2.22 | — | — |
| Mar 2, 2026 | 2.06 | — | — |
| Feb 23, 2026 | 2.03 | — | — |
| Feb 16, 2026 | 2.03 | — | — |
| Feb 9, 2026 | 2.03 | — | — |
| Feb 2, 2026 | 2.04 | — | — |
| Jan 26, 2026 | 2.04 | — | — |
| Jan 19, 2026 | 2.05 | — | — |
| Jan 12, 2026 | 2.07 | — | — |
| Jan 5, 2026 | 2.06 | — | — |
| Dec 15, 2025 | 2.12 | — | — |
| Dec 8, 2025 | 2.10 | — | — |
| Dec 1, 2025 | 2.09 | — | — |
| Nov 24, 2025 | 2.05 | — | — |
| Nov 17, 2025 | 2.04 | — | — |
| Nov 10, 2025 | 2.04 | — | — |
| Nov 3, 2025 | 2.03 | — | — |
| Oct 27, 2025 | 2.02 | — | — |
| Oct 20, 2025 | 2.02 | — | — |
| Oct 13, 2025 | 2.01 | — | — |
| Oct 6, 2025 | 2.03 | — | — |
| Sep 29, 2025 | 2.04 | — | — |
| Sep 22, 2025 | 2.03 | — | — |
| Sep 15, 2025 | 2.03 | — | — |
| Sep 8, 2025 | 2.01 | — | — |
