French Government Bond Yields Explained
Financial World News -toimitus · Koulutuksellinen selitys · Miten haemme korot
OAT yields = euro core rates + France spread. Politics can move the spread faster than the ECB moves rates.
Oppaan täysi briefing on englanniksi. Otsikko, tiivistelmä ja navigointi ovat kielelläsi, jotta voit päättää, luetko eteenpäin.
French Government Bond Yields Explained — the mechanics
If the 10-year OAT yields 3.2% while the bund yields 2.5% (illustrative), those 70bp are not ‘free money’; they are a market price of difference. Spreads gap and tighten.
OAT 10-year = bund 10-year + France spread. We show the ECB Maastricht long-term rate for France, monthly, with the month labelled.
A wider spread can coexist with falling bund yields, so the OAT yield might not rise as much as the headline ‘France risk’ suggests. Look at both legs.
Annual compounding on some French screens versus semi-annual gilt screens will mismatch. Convert before you brag about a gap.
Dated yields for this france — oats topic
The live board on this site prints official or exchange 10-year rates with the observation date on each card (Bank of England IUDMNZC, ECB Maastricht series, CBOE/Yahoo Treasury yields). Individual ISIN prices are estimated from those moves — not a dealer quote.
Illustrative round-number snapshot for education. Figures are not a live market feed. Confirm with the UK DMO, TreasuryDirect, Bundesrepublik Deutschland Finanzagentur, Italian MEF, Agence France Trésor or Swiss Confederation before acting.
UK Gilts: UK Treasury 4.25% 2034 yield 5.25%, estimated price 93.7, duration 6.4y, maturity 2034-03-07.
US Treasuries: US Treasury 10-year Note yield 4.97%, estimated price 91.9, duration 8.2y, maturity 2036-08-15.
German Bunds: German Bund 10-year yield 3.19%, estimated price 94.1, duration 8.6y, maturity 2036-08-15.
Italian BTPs: BTP 10-year yield 3.99%, estimated price 96.1, duration 8.1y, maturity 2036-03-01.
French OATs: French OAT 10-year yield 4.00%, estimated price 89.8, duration 8.3y, maturity 2036-05-25.
Swiss Confederation: Swiss Confederation 10-year yield 0.42%, estimated price 100.7, duration 9.4y, maturity 2036-06-28.
If a number here disagrees with your broker, trust the broker to trade. Use this page to understand the contract, then confirm the screen.
Official sources (France — OATs)
Primary statistics and prospectuses for France — OATs are published by the issuer, not by this newsroom. The labelled links at the end of this page go to those official sites (DMO, TreasuryDirect, Finanzagentur, MEF, AFT, SNB or ECB as relevant).
Our live board is a teaching overlay: dated prints, named sources, estimated ISIN lines. It is not a replacement for the issuer’s calendar.
Keskeiset huomiot
- OAT 10-year = bund 10-year + France spread.
- Any market figure belongs next to a date and a named source (BoE, ECB, CBOE/Yahoo). If those disagree with your broker, the broker wins for trading.
- Credit of a G7 government in its own currency is not the same as a stable screen price, and not the same as a bank deposit.
UKK
- Where do I get official AFT data?
- Agence France Trésor publishes calendars, outstanding amounts and auction results.