FX.co ★ Yield on French 12-Month BTF Slips as Short-Term Funding Costs Ease

The yield on France’s 12-month BTF (French Treasury bill) declined at the latest auction, signaling a modest easing in short-term government funding costs. The rate fell to 2.579%, down from the previous level of 2.640%.

The updated figure, reported on 29 June 2026, suggests slightly improved financing conditions for the French Treasury in the one-year segment of the money market. While the move is not dramatic, the lower yield indicates investors were willing to accept a marginally smaller return to hold short-dated French sovereign paper, reflecting steady demand for short-term government securities.