COUNTRY •
FRANCE
Last Update: 9 Feb 2023 0:23 GMT+0
The France 10Y Government Bond has a 2.806% yield.
10 Years vs 2 Years bond spread is 6.5 bp. Yield Curve is flat in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.00% (last modification in February 2023).
The France credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 22.50 and implied probability of default is 0.38%.
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 | 2.291% | +32.8 bp | +252.9 bp | 09 Feb | |||||
| 3 months | 2.494% | +30.4 bp | +246.1 bp | 09 Feb | |||||
| 6 months | 2.682% | +18.0 bp | +249.7 bp | 09 Feb | |||||
| 9 months | 2.829% | +3.4 bp | +240.9 bp | 09 Feb | |||||
| 1 year | 2.947% | +14.7 bp | +224.2 bp | 97.14 | -0.14 % | -2.18 % | 09 Feb | ||
| 2 years | 2.741% | +10.3 bp | +231.0 bp | 94.74 | -0.20 % | -4.44 % | 09 Feb | ||
| 3 years | 2.642% | +6.1 bp | +189.3 bp | 92.48 | -0.17 % | -5.43 % | 09 Feb | ||
| 4 years | 2.601% | +4.8 bp | +180.1 bp | 90.24 | -0.19 % | -6.83 % | 09 Feb | ||
| 5 years | 2.629% | +7.4 bp | +173.8 bp | 87.83 | -0.36 % | -8.19 % | 09 Feb | ||
| 6 years | 2.621% | +5.8 bp | +160.6 bp | 85.62 | -0.34 % | -9.03 % | 09 Feb | ||
| 7 years | 2.620% | +7.2 bp | +154.2 bp | 83.44 | -0.49 % | -10.06 % | 09 Feb | ||
| 8 years | 2.640% | +7.6 bp | +150.6 bp | 81.18 | -0.60 % | -11.15 % | 09 Feb | ||
| 9 years | 2.764% | +7.1 bp | +151.6 bp | 78.24 | -0.62 % | -12.52 % | 09 Feb | ||
| 10 years | 2.806% | +7.0 bp | +132.9 bp | 75.83 | -0.67 % | -12.19 % | 09 Feb | ||
| 15 years | 3.086% | +4.3 bp | +129.0 bp | 63.39 | -0.63 % | -17.21 % | 09 Feb | ||
| 20 years | 3.144% | +7.4 bp | +123.9 bp | 53.84 | -1.43 % | -21.47 % | 09 Feb | ||
| 25 years | 3.100% | +8.1 bp | +111.2 bp | 46.62 | -1.94 % | -23.74 % | 09 Feb | ||
| 30 years | 3.075% | +9.1 bp | +102.8 bp | 40.31 | -2.61 % | -25.97 % | 09 Feb | ||
| 50 years | 2.830% | +27.4 bp | +88.5 bp | 24.77 | -12.50 % | -35.11 % | 09 Feb | ||
Last Update: 9 Feb 2023 0:23 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).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (3.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.075% | 7.5 bp | ||||||
| 10 years | 2.806% | -19.4 bp | ||||||
| 5 years | 2.629% | -37.1 bp | ||||||
| 2 years | 2.741% | -25.9 bp | ||||||
| 1 year | 2.947% | -5.3 bp | ||||||
| 3 months | 2.494% | -50.6 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -20.6 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -11.2 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 6.5 bp | Yield Curve is flat 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
|
negative |
| 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 | 3.00% |
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.
If data are not all visible, swipe table left
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 22.50 | 0.00 % | -18.15 % | +11.94 % | 0.38 % |
(*) 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 2.806% 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.
If data are not all visible, swipe table left
| France 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 231.8 bp | +8.0 bp | +100.9 bp | Compare | |
| Germany 10Y | 44.4 bp | -5.9 bp | -11.3 bp | Compare | |
| China 10Y | -11.3 bp | +5.6 bp | +115.8 bp | Compare | |
| Canada 10Y | -23.0 bp | +13.9 bp | +100.4 bp | Compare | |
| United Kingdom 10Y | -52.9 bp | +26.7 bp | -1.5 bp | Compare | |
| Spain 10Y | -56.4 bp | -2.0 bp | +2.2 bp | Compare | |
| United States 10Y | -79.2 bp | 0.0 bp | +51.7 bp | Compare | |
| Australia 10Y | -80.1 bp | +16.4 bp | +94.8 bp | Compare | |
| Italy 10Y | -140.3 bp | +5.4 bp | +19.8 bp | Compare | |
| India 10Y | -453.8 bp | +6.8 bp | +133.3 bp | Compare | |
| Russia 10Y | -787.4 bp | -27.0 bp | -30.1 bp | Compare | |
| Brazil 10Y | -1050.0 bp | -23.4 bp | +16.2 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 | 2.830% | 24.77 | 51.36 | 104.52 | 157.68 | 210.84 | 264.01 | ||
| 30 years | 3.075% | 40.31 | 59.72 | 98.54 | 137.37 | 176.19 | 215.01 | ||
| 25 years | 3.100% | 46.62 | 63.84 | 98.28 | 132.72 | 167.16 | 201.60 | ||
| 20 years | 3.144% | 53.84 | 68.52 | 97.89 | 127.25 | 156.61 | 185.97 | ||
| 15 years | 3.086% | 63.39 | 75.25 | 98.98 | 122.71 | 146.44 | 170.16 | ||
| 10 years | 2.806% | 75.83 | 84.44 | 101.67 | 118.90 | 136.13 | 153.36 | ||
| 9 years | 2.764% | 78.24 | 86.11 | 101.86 | 117.60 | 133.35 | 149.09 | ||
| 8 years | 2.640% | 81.18 | 88.31 | 102.57 | 116.82 | 131.08 | 145.33 | ||
| 7 years | 2.620% | 83.44 | 89.76 | 102.40 | 115.04 | 127.68 | 140.32 | ||
| 6 years | 2.621% | 85.62 | 91.11 | 102.08 | 113.05 | 124.02 | 134.99 | ||
| 5 years | 2.629% | 87.83 | 92.46 | 101.72 | 110.97 | 120.23 | 129.49 | ||
| 4 years | 2.601% | 90.24 | 93.99 | 101.50 | 109.00 | 116.51 | 124.01 | ||
| 3 years | 2.642% | 92.48 | 95.32 | 101.02 | 106.72 | 112.41 | 118.11 | ||
| 2 years | 2.741% | 94.74 | 96.66 | 100.50 | 104.34 | 108.18 | 112.02 | ||
| 1 year | 2.947% | 97.14 | 98.11 | 100.05 | 101.99 | 103.94 | 105.88 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||