FX.co ★ French 12-Month BTF Yield Eases Slightly to 2.038%

Yields on France’s 12-month BTFs (short-term Treasury bills) edged lower at the latest auction, with the benchmark rate slipping to 2.038% from a previous level of 2.058%.

The marginal decline in the 12-month BTF yield, based on data updated on 09 February 2026, suggests a modest easing in short-term funding costs for the French government. While the movement is small, it indicates investor demand remains steady for France’s short-dated sovereign paper at just above the 2% level.

Market participants will be watching upcoming auctions and broader euro-area rate dynamics to see whether this slight downward trend in French short-term yields continues or stabilizes around current levels.