COUNTRY •
FRANCE
Last Update: 27 Jun 2022 8:15 GMT+0
The France 10Y Government Bond has a 2.022% yield.
10 Years vs 2 Years bond spread is 133.2 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.00% (last modification in March 2016).
The France credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 23.30 and implied probability of default is 0.39%.
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 | -0.661% | +3.7 bp | +18.9 bp | 27 Jun | |||||
| 3 months | -0.517% | +9.7 bp | +27.8 bp | 27 Jun | |||||
| 6 months | -0.179% | +23.8 bp | +55.0 bp | 27 Jun | |||||
| 9 months | 0.261% | +52.0 bp | +93.2 bp | 27 Jun | |||||
| 1 year | 0.591% | +60.6 bp | +123.1 bp | 99.41 | -0.61 % | -1.22 % | 27 Jun | ||
| 2 years | 0.690% | +43.7 bp | +133.2 bp | 98.63 | -0.87 % | -2.64 % | 27 Jun | ||
| 3 years | 1.179% | +56.1 bp | +177.8 bp | 96.54 | -1.66 % | -5.19 % | 27 Jun | ||
| 4 years | 1.314% | +53.4 bp | +178.6 bp | 94.91 | -2.09 % | -6.87 % | 27 Jun | ||
| 5 years | 1.470% | +55.2 bp | +185.9 bp | 92.96 | -2.69 % | -8.84 % | 27 Jun | ||
| 6 years | 1.587% | +56.1 bp | +190.2 bp | 90.99 | -3.26 % | -10.72 % | 27 Jun | ||
| 7 years | 1.639% | +55.0 bp | +186.3 bp | 89.25 | -3.72 % | -12.14 % | 27 Jun | ||
| 8 years | 1.724% | +54.5 bp | +185.9 bp | 87.22 | -4.21 % | -13.72 % | 27 Jun | ||
| 9 years | 1.864% | +55.4 bp | +182.7 bp | 84.69 | -4.79 % | -15.03 % | 27 Jun | ||
| 10 years | 2.022% | +52.8 bp | +189.7 bp | 81.86 | -5.06 % | -17.11 % | 27 Jun | ||
| 15 years | 2.297% | +52.7 bp | +189.8 bp | 71.13 | -7.46 % | -24.49 % | 27 Jun | ||
| 20 years | 2.447% | +51.3 bp | +192.4 bp | 61.66 | -9.55 % | -31.56 % | 27 Jun | ||
| 25 years | 2.477% | +47.9 bp | +182.6 bp | 54.24 | -11.05 % | -36.21 % | 27 Jun | ||
| 30 years | 2.575% | +47.6 bp | +169.1 bp | 46.64 | -13.02 % | -39.26 % | 27 Jun | ||
| 50 years | 2.511% | +39.5 bp | +149.1 bp | 28.94 | -17.55 % | -51.93 % | 27 Jun | ||
Last Update: 27 Jun 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).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (0.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 2.575% | 257.5 bp | ||||||
| 10 years | 2.022% | 202.2 bp | ||||||
| 5 years | 1.470% | 147.0 bp | ||||||
| 2 years | 0.690% | 69.0 bp | ||||||
| 1 year | 0.591% | 59.1 bp | ||||||
| 3 months | -0.517% | -51.7 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 9.9 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 78 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 133.2 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 | 0.00% |
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.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 23.30 | +3.56 % | +4.95 % | +3.10 % | 0.39 % |
(*) 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 2.022% 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 | 179.4 bp | +52.3 bp | +172.7 bp | Compare | |
| Germany 10Y | 53.0 bp | +1.2 bp | +16.3 bp | Compare | |
| United Kingdom 10Y | -34.9 bp | +8.1 bp | +44.9 bp | Compare | |
| Spain 10Y | -57.7 bp | +1.7 bp | -19.1 bp | Compare | |
| China 10Y | -82.9 bp | +42.7 bp | +187.3 bp | Compare | |
| United States 10Y | -113.8 bp | +11.1 bp | +21.6 bp | Compare | |
| Canada 10Y | -131.1 bp | -1.5 bp | +4.0 bp | Compare | |
| Italy 10Y | -158.6 bp | -18.4 bp | -59.2 bp | Compare | |
| Australia 10Y | -175.9 bp | -0.4 bp | -29.0 bp | Compare | |
| India 10Y | -541.1 bp | +44.5 bp | +92.9 bp | Compare | |
| Russia 10Y | -666.8 bp | +134.8 bp | +162.2 bp | Compare | |
| Brazil 10Y | -1064.6 bp | +29.3 bp | -7.7 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 | 2.511% | 28.94 | 57.24 | 113.84 | 170.44 | 227.04 | 283.64 | ||
| 30 years | 2.575% | 46.64 | 67.36 | 108.81 | 150.25 | 191.70 | 233.14 | ||
| 25 years | 2.477% | 54.24 | 72.72 | 109.66 | 146.61 | 183.55 | 220.50 | ||
| 20 years | 2.447% | 61.66 | 77.33 | 108.66 | 140.00 | 171.33 | 202.67 | ||
| 15 years | 2.297% | 71.13 | 83.70 | 108.84 | 133.97 | 159.11 | 184.25 | ||
| 10 years | 2.022% | 81.86 | 90.83 | 108.77 | 126.72 | 144.66 | 162.61 | ||
| 9 years | 1.864% | 84.69 | 92.90 | 109.33 | 125.76 | 142.19 | 158.63 | ||
| 8 years | 1.724% | 87.22 | 94.63 | 109.46 | 124.29 | 139.11 | 153.94 | ||
| 7 years | 1.639% | 89.25 | 95.81 | 108.94 | 122.06 | 135.19 | 148.31 | ||
| 6 years | 1.587% | 90.99 | 96.67 | 108.03 | 119.39 | 130.75 | 142.11 | ||
| 5 years | 1.470% | 92.96 | 97.75 | 107.32 | 116.90 | 126.47 | 136.04 | ||
| 4 years | 1.314% | 94.91 | 98.78 | 106.53 | 114.27 | 122.02 | 129.76 | ||
| 3 years | 1.179% | 96.54 | 99.48 | 105.34 | 111.20 | 117.06 | 122.92 | ||
| 2 years | 0.690% | 98.63 | 100.61 | 104.57 | 108.53 | 112.49 | 116.45 | ||
| 1 year | 0.591% | 99.41 | 100.41 | 102.39 | 104.38 | 106.37 | 108.36 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||