France sells 500 million euros 15-week T-bills, marginal rate 2.365 pct

France conducted a 15-week Treasury bill (BTF) auction on June 8, 2026, offering 500 million euros in short-term debt. The auction attracted strong demand, with a marginal rate of 2.365 percent. Bids were submitted using a money-market straight-line yield format, with increments of 0.5 basis points, as is standard for BTF auctions. The auction results reflect continued investor confidence in short-term government securities amid a backdrop of rising long-term bond yields.

The auction follows a similar 6-month Treasury bill auction earlier in the week, which saw a yield of 2.85 percent. These auctions are part of France’s regular issuance schedule, with BTFs typically issued weekly according to a quarterly plan published in advance by the French Treasury. The 15-week maturity aligns with the standard range of BTF maturities, including 13, 26, and 52 weeks, and supports liquidity management for the government.

Settlement for the auction will occur on T+2, consistent with the standard settlement timeline for both primary and secondary market transactions. The auction’s success underscores the role of BTFs in providing a stable and liquid short-term investment option for institutional and retail investors alike.