The yield on France’s 3-month BTF (Bon du Trésor à taux fixe et à intérêts précomptés) slipped slightly at the latest auction, with the current indicator coming in at 2.004%, down from the previous level of 2.007%.
The marginal decline in the short-term borrowing cost suggests stable conditions in France’s money market as of 09 February 2026, with only a minor adjustment in investor demand or rate expectations reflected in the new auction result. While the move is small, it indicates that financing costs for the French government at the very short end of the curve have eased fractionally compared with the prior auction.
