FX.co ★ French 12-Month BTF Yield Edges Up to 2.040% in Latest Auction

The yield on France’s 12-month BTF (Bon du Trésor à taux fixe et à intérêt précompté) inched higher in the latest auction, with the indicator rising to 2.040% from the previous 2.038%. The updated figure, published on 16 February 2026, signals a marginal uptick in short-term borrowing costs for the French government.

While the change of 0.002 percentage points is minimal, it reflects ongoing stability in France’s short-term funding conditions. The near-flat movement suggests that investor demand for French short-dated government paper remains steady, with markets showing no significant repricing of risk or interest-rate expectations over the period covered by the latest auction data.