France 7-year constant maturity bond yield (TEC)
France 7-year constant maturity bond yield (TEC) stood at 4.45% on Oct 16, 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Daily debt market rates table (Value · Daily), with a complete series running from Nov 3, 2004 to Oct 16, 2026. The complete series with an interactive chart, free to download.
This indicator in the Daily debt market rates table
| Indicator | 16-10-2026 | 15-10-2026 | 14-10-2026 | 13-10-2026 | 12-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Constant maturity rates of French government bonds (TEC) | |||||||||||
| 7-year constant maturity rate | 4.45 | 4.41 | 4.47 | 4.48 | 4.51 | 4.44 | 4.53 | 4.47 | 4.39 | 4.55 | |
| 10-year constant maturity rate | 4.79 | 4.74 | 4.81 | 4.82 | 4.86 | 4.8 | 4.9 | 4.83 | 4.72 | 4.88 |
Understanding france 7-year constant maturity bond yield (TEC)
This data series tracks the seven-year constant maturity yield for French government bonds, calculated via yield curve interpolation to represent a theoretical security with an exact seven-year lifespan. Sitting in the intermediate-to-long segment of the sovereign debt spectrum, this measure balances medium-term economic outlooks with initial long-term structural risk premiums. The compilation process extracts pricing data exclusively from standard fixed-rate nominal state bonds traded on secondary markets, omitting short-term notes, inflation-indexed paper, and all non-government debt instruments. This isolates the pure temporal yield distinct from the specific coupon characteristics of individual issuance lines.
Interpreting this rate involves monitoring its spread against shorter and longer constant maturity benchmarks to identify shifts in yield curve shape, such as inversion or steepening phases. Business-day comparisons provide the most accurate read of market sentiment, as financial yields are non-seasonal and reflect immediate reactions to macroeconomic announcements and fiscal policy news. Analysts should note that structural breaks can emerge if the central database alters its curve-fitting algorithm, though such changes are infrequent. Comparing this sovereign yield with private sector yields of the same maturity will consistently reveal a sovereign spread reflecting differing credit qualities.
Frequently asked questions
- What distinguishes the seven-year maturity from shorter durations?
- The seven-year point captures longer-term economic cycles and structural expectations that carry less weight in one-year or two-year instruments.
- Is this yield based on primary market auctions or secondary trading?
- It is derived from secondary market prices interpolated across the yield curve, rather than auction results.
- How do holidays impact the reporting of daily yields?
- On days when financial markets are closed, yields are typically omitted or held constant at the previous session's closing rate.