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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 12-Month BTF Auction climbed to 2.67% in May 2026
FMPMonthlyReleased June 2026
France 12-Month BTF Auction climbed to 2.67% in May 2026, released June 2026, up 0.08% from April's 2.59% reading.
Latest Release
2.667000
Actual
—
Consensus
2.588000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.32 | CRYPTO | Bullish BTC | → View |
| XAU/USD | ▼ Inverse | −0.31 | COMMODITIES | Bearish XAU | → View |
| EUR/GBP | ▼ Inverse | −0.26 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
12-Month BTF Auction (France) was reported at 2.67% in June 2026. The reading rose from the previous value of 2.59%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 2.13%, ranging from 1.89% to 2.67% across 45 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.61%, down from the prior three at 2.64%. Volatility over the past year (σ 0.23%) is lower than the prior year (σ 0.47%). In June readings over the past 3 years, 12-Month BTF Auction has averaged 2.77%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for June 15, 2026. Same-country events in the next 14 days include Business Confidence (Jun 23) and S&P Global Manufacturing PMI (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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12-Month BTF Auction - FR
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About 12-Month BTF Auction — France
DEFINITION
The 12-Month BTF Auction is a financial indicator that measures the interest rates at which the French government borrows money from investors through the issuance of short-term securities known as Bonnes Trésor à taux fixe (BTFs). This auction is held every month and provides insight into the current market demand for French government debt and the overall health of the economy. It is closely monitored by investors and financial institutions as it can impact interest rates and the cost of borrowing for both the government and private sector.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 2.667 %. Prior reading (Jun 2026): 2.588 %. Before that (May 2026): 2.577 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.