COUNTRY •
FRANCE
Last Update: 6 Oct 2022 8:15 GMT+0
The France 10Y Government Bond has a 2.656% yield.
10 Years vs 2 Years bond spread is 93.1 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 1.25% (last modification in September 2022).
The France credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 24.20 and implied probability of default is 0.40%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 0.418% | +43.5 bp | +112.4 bp | 06 Oct | |||||
| 3 months | 0.751% | +74.1 bp | +140.8 bp | 06 Oct | |||||
| 6 months | 1.226% | +89.6 bp | +182.4 bp | 06 Oct | |||||
| 9 months | 1.604% | +106.0 bp | +210.7 bp | 06 Oct | |||||
| 1 year | 1.810% | +96.5 bp | +218.9 bp | 98.22 | -0.95 % | -2.15 % | 06 Oct | ||
| 2 years | 1.725% | +78.6 bp | +169.6 bp | 96.64 | -1.54 % | -3.30 % | 06 Oct | ||
| 3 years | 1.921% | +56.3 bp | +152.3 bp | 94.45 | -1.65 % | -4.42 % | 06 Oct | ||
| 4 years | 1.992% | +54.7 bp | +142.1 bp | 92.41 | -2.13 % | -5.46 % | 06 Oct | ||
| 5 years | 2.124% | +48.8 bp | +140.8 bp | 90.02 | -2.38 % | -6.72 % | 06 Oct | ||
| 6 years | 2.250% | +50.9 bp | +145.1 bp | 87.50 | -2.95 % | -8.22 % | 06 Oct | ||
| 7 years | 2.350% | +55.2 bp | +153.6 bp | 84.99 | -3.72 % | -10.04 % | 06 Oct | ||
| 8 years | 2.287% | +47.5 bp | +136.0 bp | 83.45 | -3.66 % | -10.15 % | 06 Oct | ||
| 9 years | 2.384% | +46.7 bp | +133.5 bp | 80.89 | -4.03 % | -11.15 % | 06 Oct | ||
| 10 years | 2.656% | +45.0 bp | +147.2 bp | 76.94 | -4.30 % | -13.45 % | 06 Oct | ||
| 15 years | 2.947% | +45.4 bp | +159.8 bp | 64.68 | -6.42 % | -20.92 % | 06 Oct | ||
| 20 years | 2.995% | +45.0 bp | +152.2 bp | 55.42 | -8.38 % | -25.75 % | 06 Oct | ||
| 25 years | 2.941% | +35.0 bp | +137.0 bp | 48.45 | -8.17 % | -28.47 % | 06 Oct | ||
| 30 years | 2.925% | +30.1 bp | +125.6 bp | 42.11 | -8.42 % | -30.81 % | 06 Oct | ||
| 50 years | 2.668% | +16.7 bp | +86.8 bp | 26.81 | -7.81 % | -34.58 % | 06 Oct | ||
Last Update: 6 Oct 2022 8:15 GMT+0
France Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
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| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (1.25%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 2.925% | 167.5 bp | ||||||
| 10 years | 2.656% | 140.6 bp | ||||||
| 5 years | 2.124% | 87.4 bp | ||||||
| 2 years | 1.725% | 47.5 bp | ||||||
| 1 year | 1.810% | 56.0 bp | ||||||
| 3 months | 0.751% | -49.9 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -8.5 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | 39.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 93.1 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
France Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
France Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AA
|
- |
| Moody's Investors Service |
Aa2
|
- |
| Fitch Ratings |
AA
|
negative |
| DBRS |
AA (high)
|
- |
France Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 1.25% |
France Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 24.20 | 0.00 % | -1.63 % | +15.79 % | 0.40 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
France 10Y Bond Yield Spread
The France 10Y Government Bond has a 2.656% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
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| France 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 241.6 bp | +44.8 bp | +146.9 bp | Compare | |
| Germany 10Y | 60.3 bp | +1.6 bp | +6.6 bp | Compare | |
| China 10Y | -9.4 bp | +32.7 bp | +152.2 bp | Compare | |
| Spain 10Y | -60.1 bp | +0.9 bp | -11.2 bp | Compare | |
| Canada 10Y | -63.5 bp | +34.8 bp | +71.0 bp | Compare | |
| United States 10Y | -112.3 bp | +1.3 bp | +29.1 bp | Compare | |
| Australia 10Y | -114.4 bp | +39.3 bp | +61.0 bp | Compare | |
| United Kingdom 10Y | -147.7 bp | -61.4 bp | -92.6 bp | Compare | |
| Italy 10Y | -182.3 bp | -6.6 bp | -71.0 bp | Compare | |
| India 10Y | -480.5 bp | +16.8 bp | +92.8 bp | Compare | |
| Russia 10Y | -714.4 bp | -1.0 bp | +344.2 bp | Compare | |
| Brazil 10Y | -910.0 bp | +72.1 bp | +118.6 bp | Compare |
France Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 50 years | 2.668% | 26.81 | 54.24 | 109.11 | 163.98 | 218.84 | 273.71 | ||
| 30 years | 2.925% | 42.11 | 61.90 | 101.48 | 141.07 | 180.65 | 220.24 | ||
| 25 years | 2.941% | 48.45 | 65.98 | 101.03 | 136.09 | 171.15 | 206.20 | ||
| 20 years | 2.995% | 55.42 | 70.31 | 100.07 | 129.84 | 159.61 | 189.38 | ||
| 15 years | 2.947% | 64.68 | 76.67 | 100.64 | 124.60 | 148.57 | 172.54 | ||
| 10 years | 2.656% | 76.94 | 85.62 | 102.99 | 120.35 | 137.71 | 155.08 | ||
| 9 years | 2.384% | 80.89 | 88.91 | 104.94 | 120.97 | 137.00 | 153.03 | ||
| 8 years | 2.287% | 83.45 | 90.69 | 105.16 | 119.63 | 134.10 | 148.57 | ||
| 7 years | 2.350% | 84.99 | 91.38 | 104.15 | 116.92 | 129.69 | 142.47 | ||
| 6 years | 2.250% | 87.50 | 93.06 | 104.17 | 115.27 | 126.38 | 137.49 | ||
| 5 years | 2.124% | 90.02 | 94.72 | 104.11 | 113.51 | 122.90 | 132.29 | ||
| 4 years | 1.992% | 92.41 | 96.22 | 103.84 | 111.46 | 119.07 | 126.69 | ||
| 3 years | 1.921% | 94.45 | 97.34 | 103.12 | 108.89 | 114.67 | 120.45 | ||
| 2 years | 1.725% | 96.64 | 98.59 | 102.49 | 106.38 | 110.28 | 114.18 | ||
| 1 year | 1.810% | 98.22 | 99.20 | 101.17 | 103.13 | 105.10 | 107.06 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||