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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance 3-Month BTF Auction climbed to 2.54% in August 2026
FMPMonthlyReleased September 2026
France 3-Month BTF Auction climbed to 2.54% in August 2026, released September 2026, up 0.01% from July's 2.53% reading.
Latest Release
2.540000
Actual
—
Consensus
2.533000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.38 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.25 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
3-Month BTF Auction (France) was reported at 2.65% in September 2026. The reading rose from the previous value of 2.54%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 2.18%, ranging from 1.96% to 2.54% across 45 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.52%, up from the prior three at 2.46%. Volatility over the past year (σ 0.19%) is lower than the prior year (σ 0.46%). In September readings over the past 3 years, 3-Month BTF Auction has averaged 2.85%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for September 21, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Sep 23) and S&P Global Services PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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3-Month BTF Auction - FR
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About 3-Month BTF Auction — France
DEFINITION
The 3-Month BTF Auction is a financial indicator that measures the demand for short-term government debt in the form of 3-month Bills of Treasury. This auction is conducted by the government to raise funds and the results provide insight into the current market sentiment and investor confidence in the economy. It is closely monitored by financial institutions and investors as it can impact interest rates and the overall stability of the financial market.
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 (Sep 2026): actual 2.654 %. Prior reading (Sep 2026): 2.54 %. Before that (Aug 2026): 2.533 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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.
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EXPECTED ZONE
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Economic Calendar - FR Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:45 | FR | Harmonised Inflation Rate YoY | 2.7 | 2.4 | 2.7 | 2.70 | Low |
| 06:45 | FR | Harmonised Inflation Rate MoM | 0.8 | 0.6 | 0.8 | 0.80 | Low |
| 06:45 | FR | Inflation Rate MoM | 0.7 | 0.6 | 0.7 | 0.70 | Low |
| 06:45 | FR | Inflation Rate YoY | 2.4 | 2.1 | 2.4 | 2.40 | Low |