France’s 10-year OAT yield fell toward 3.3%, its lowest level since October 16, as investors moved into safer assets amid growing risk sentiment. Softer-than-expected US inflation data added support to European bonds, reinforcing expectations that the Federal Reserve may have room to resume interest rate cuts. In the euro area, market participants noted signals that the European Central Bank remains largely comfortable with the euro’s recent strength. Attention also turned to reports that Bank of France Governor François Villeroy de Galhau, regarded as a dovish ECB voice, could step down earlier than expected. ECB President Christine Lagarde reiterated last week that the inflation outlook is in a “good place,” while minimizing concerns over the single currency’s strength. Money markets currently assign just a 30% probability to an ECB rate cut by December.

The yield on France 10Y Bond Yield eased to 3.34% on February 13, 2026, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.15 points, though it remains 0.22 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the France 10-Year Government Bond Yield reached an all time high of 11.85 in October of 1987. France 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on February 15 of 2026.

The yield on France 10Y Bond Yield eased to 3.34% on February 13, 2026, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.15 points, though it remains 0.22 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The France 10-Year Government Bond Yield is expected to trade at 3.32 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.15 in 12 months time.



Bonds Yield Day Month Year Date
France 10Y 3.35 -0.021% -0.145% 0.224% Feb/13
France 1M 2.02 -0.041% 0.057% -0.539% Feb/13
France 52W 2.06 -0.003% -0.042% -0.193% Feb/13
France 20Y 4.01 -0.013% -0.110% 0.547% Feb/13
France 2Y 2.12 -0.015% -0.068% -0.119% Feb/13
France 30Y 4.32 -0.014% -0.092% 0.623% Feb/13
France 3M 2.00 -0.009% -0.019% -0.468% Feb/13
France 3Y 2.28 -0.018% -0.088% -0.069% Feb/13
France 5Y 2.65 -0.025% -0.133% 0.025% Feb/13
France 6M 2.04 0.005% -0.009% -0.366% Feb/13
France 7Y 2.93 -0.023% -0.145% 0.103% Feb/13



Related Last Previous Unit Reference
France Inflation Rate 0.30 0.80 percent Jan 2026
France Interest Rate 2.15 2.15 percent Feb 2026
France Unemployment Rate 7.90 7.70 percent Dec 2025

France 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
3.34 3.37 11.85 -5.84 1985 - 2026 percent Daily

News Stream
France’s 10-Year OAT Yield Hits Four-Month Low
France’s 10-year OAT yield fell toward 3.3%, its lowest level since October 16, as investors moved into safer assets amid growing risk sentiment. Softer-than-expected US inflation data added support to European bonds, reinforcing expectations that the Federal Reserve may have room to resume interest rate cuts. In the euro area, market participants noted signals that the European Central Bank remains largely comfortable with the euro’s recent strength. Attention also turned to reports that Bank of France Governor François Villeroy de Galhau, regarded as a dovish ECB voice, could step down earlier than expected. ECB President Christine Lagarde reiterated last week that the inflation outlook is in a “good place,” while minimizing concerns over the single currency’s strength. Money markets currently assign just a 30% probability to an ECB rate cut by December.
2026-02-13
France’s 10-Year OAT Yield Hits Lowest Since October
France’s 10-year OAT yield dropped to 3.35%, reaching its lowest point since October 22, as investors awaited the release of US consumer price data later in the day for clearer signals on the Federal Reserve’s policy direction. The pullback comes after stronger-than-expected US labor market data published on Wednesday dampened expectations of a near-term Fed rate cut. Across Europe, investors evaluated signs that the European Central Bank remains largely at ease with the euro’s recent strength. Markets also reacted to reports that Bank of France Governor François Villeroy de Galhau, considered a dovish policymaker, may step down earlier than previously planned. ECB President Christine Lagarde stated last week that the inflation outlook remains in a “good place,” while minimizing concerns about the euro’s appreciation. Money markets are currently assigning only a 30% likelihood to an ECB rate cut by December.
2026-02-13
French 10-Year OAT Yield Stabilizes at Over Two-Month Low
France’s 10-year OAT yield stabilized just below the 3.4% mark, remaining at its lowest level since late November, as investors pared back expectations for Federal Reserve rate cuts in response to upbeat US labor data. Nonfarm payrolls increased by 130,000 in January, the strongest rise in more than a year, while the unemployment rate unexpectedly declined to 4.3%, underscoring ongoing labor market stability at the start of 2026. Traders now see a Fed rate cut fully priced in for July rather than June, with odds of a March move below 5%. Meanwhile, in the euro area, markets weighed signs that the European Central Bank is largely untroubled by the euro’s recent strength, along with reports that Bank of France Governor François Villeroy de Galhau, regarded as dovish, will step down ahead of schedule. ECB President Christine Lagarde recently described the inflation outlook as being in a “good place,” while minimizing concerns about the currency’s appreciation.
2026-02-11