COUNTRY •
FRANCE
Last Update: 10 Jun 2023 11:23 GMT+0
The France 10Y Government Bond has a 2.917% yield.
10 Years vs 2 Years bond spread is -14.4 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.75% (last modification in May 2023).
The France credit rating is AA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 26.49 and implied probability of default is 0.44%.
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 | 3.135% | +29.7 bp | +224.1 bp | 10 Jun | |||||
| 3 months | 3.320% | +21.7 bp | +180.6 bp | 10 Jun | |||||
| 6 months | 3.372% | +19.6 bp | +130.9 bp | 10 Jun | |||||
| 9 months | 3.448% | +22.1 bp | +117.7 bp | 10 Jun | |||||
| 1 year | 3.462% | +23.9 bp | +104.6 bp | 96.65 | -0.24 % | -1.01 % | 10 Jun | ||
| 2 years | 3.061% | +32.5 bp | +83.1 bp | 94.15 | -0.62 % | -1.60 % | 10 Jun | ||
| 3 years | 2.889% | +26.2 bp | +72.0 bp | 91.81 | -0.77 % | -2.09 % | 10 Jun | ||
| 4 years | 2.795% | +20.2 bp | +63.0 bp | 89.56 | -0.79 % | -2.43 % | 10 Jun | ||
| 5 years | 2.753% | +16.2 bp | +55.3 bp | 87.30 | -0.78 % | -2.66 % | 10 Jun | ||
| 6 years | 2.741% | +13.7 bp | +53.9 bp | 85.02 | -0.81 % | -3.11 % | 10 Jun | ||
| 7 years | 2.733% | +10.0 bp | +53.0 bp | 82.80 | -0.68 % | -3.55 % | 10 Jun | ||
| 8 years | 2.753% | +7.7 bp | +52.7 bp | 80.47 | -0.61 % | -4.03 % | 10 Jun | ||
| 9 years | 2.836% | +4.7 bp | +47.5 bp | 77.75 | -0.41 % | -4.08 % | 10 Jun | ||
| 10 years | 2.917% | +4.2 bp | +51.9 bp | 75.01 | -0.41 % | -4.93 % | 10 Jun | ||
| 15 years | 3.195% | +0.1 bp | +56.5 bp | 62.39 | -0.02 % | -7.91 % | 10 Jun | ||
| 20 years | 3.336% | +2.6 bp | +68.3 bp | 51.88 | -0.50 % | -12.41 % | 10 Jun | ||
| 25 years | 3.321% | +1.3 bp | +73.4 bp | 44.19 | -0.32 % | -16.32 % | 10 Jun | ||
| 30 years | 3.404% | 0.0 bp | +88.2 bp | 36.63 | 0.00 % | -22.67 % | 10 Jun | ||
| 50 years | 2.932% | +5.9 bp | +66.0 bp | 23.58 | -2.80 % | -27.49 % | 10 Jun | ||
Last Update: 10 Jun 2023 11:23 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).
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| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (3.75%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.404% | -34.6 bp | ||||||
| 10 years | 2.917% | -83.3 bp | ||||||
| 5 years | 2.753% | -99.7 bp | ||||||
| 2 years | 3.061% | -68.9 bp | ||||||
| 1 year | 3.462% | -28.8 bp | ||||||
| 3 months | 3.320% | -43.0 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -40.1 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -30.8 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -14.4 bp | Yield Curve is inverted 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-
|
- |
| 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 | 3.75% |
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 | 26.49 | -1.85 % | -3.60 % | +17.73 % | 0.44 % |
(*) 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 2.917% 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 | 249.3 bp | +2.9 bp | +35.4 bp | Compare | |
| Germany 10Y | 54.2 bp | -3.9 bp | +8.4 bp | Compare | |
| China 10Y | 21.3 bp | +7.2 bp | +74.0 bp | Compare | |
| Spain 10Y | -43.6 bp | +6.6 bp | +12.6 bp | Compare | |
| Canada 10Y | -48.4 bp | -44.1 bp | 0.0 bp | Compare | |
| United States 10Y | -82.6 bp | -26.2 bp | +36.0 bp | Compare | |
| Australia 10Y | -102.9 bp | -49.0 bp | -6.1 bp | Compare | |
| Italy 10Y | -119.8 bp | +12.3 bp | +24.3 bp | Compare | |
| United Kingdom 10Y | -132.5 bp | -40.3 bp | -53.8 bp | Compare | |
| India 10Y | -412.2 bp | +3.9 bp | +77.9 bp | Compare | |
| Russia 10Y | -793.3 bp | -14.8 bp | -22.1 bp | Compare | |
| Brazil 10Y | -825.0 bp | +112.0 bp | +237.1 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 | 2.932% | 23.58 | 49.64 | 101.77 | 153.90 | 206.03 | 258.16 | ||
| 30 years | 3.404% | 36.63 | 55.25 | 92.48 | 129.71 | 166.94 | 204.17 | ||
| 25 years | 3.321% | 44.19 | 60.99 | 94.61 | 128.22 | 161.83 | 195.44 | ||
| 20 years | 3.336% | 51.88 | 66.30 | 95.15 | 124.00 | 152.86 | 181.71 | ||
| 15 years | 3.195% | 62.39 | 74.16 | 97.70 | 121.25 | 144.79 | 168.33 | ||
| 10 years | 2.917% | 75.01 | 83.58 | 100.71 | 117.84 | 134.98 | 152.11 | ||
| 9 years | 2.836% | 77.75 | 85.59 | 101.29 | 116.98 | 132.67 | 148.36 | ||
| 8 years | 2.753% | 80.47 | 87.57 | 101.75 | 115.94 | 130.13 | 144.31 | ||
| 7 years | 2.733% | 82.80 | 89.09 | 101.68 | 114.27 | 126.85 | 139.44 | ||
| 6 years | 2.741% | 85.02 | 90.49 | 101.42 | 112.34 | 123.27 | 134.20 | ||
| 5 years | 2.753% | 87.30 | 91.91 | 101.14 | 110.36 | 119.59 | 128.81 | ||
| 4 years | 2.795% | 89.56 | 93.29 | 100.77 | 108.24 | 115.71 | 123.18 | ||
| 3 years | 2.889% | 91.81 | 94.65 | 100.31 | 105.98 | 111.65 | 117.32 | ||
| 2 years | 3.061% | 94.15 | 96.06 | 99.88 | 103.71 | 107.53 | 111.35 | ||
| 1 year | 3.462% | 96.65 | 97.62 | 99.55 | 101.49 | 103.42 | 105.35 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||