France portfolio short-term debt: United States
France portfolio short-term debt: United States stood at -271 EUR million in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Balance of payments by partner table (Value · Quarterly), with a complete series running from Q1 2013 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Balance of payments by partner table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio investment, net acquisition of foreign securities | -5,097 | 6,415 | 28,240 | 13,492 | -2,647 | 43,403 | 22,076 | 27,823 | 28,060 | 49,536 | |
| Short-term debt securities | -271 | 1,403 | -4,552 | 5,200 | -334 | 2,896 | -1,762 | -497 | -1,210 | 204 | |
| Equity and investment fund shares | -2,818 | -17,043 | 34,833 | -5,127 | -19,363 | 17,294 | 25,384 | 19,876 | 16,315 | 32,973 |
Understanding france portfolio short-term debt: United States
Net acquisitions of short-term debt securities issued by entities in the United States represent cross-border financial transactions involving money market instruments, commercial paper, and bills with an original maturity of one year or less. Unlike equity and investment fund shares captured in sibling rows, this specific measure isolates debt instruments carrying fixed or predetermined repayment terms over shorter horizons. Transactions are recorded on a net basis, meaning acquisitions of foreign securities by domestic residents are adjusted for sales and disposals during the reference period. Direct investment assets and other loan transactions are excluded, focusing strictly on portfolio debt issued across the border.
Interpreting quarterly fluctuations requires caution regarding seasonal volatility and frequent statistical revisions as custodians and financial intermediaries supply updated custodial data. Comparing these financial flows against long-term debt or equity series highlights shifts in investor preference along the liquidity spectrum. Observers should evaluate figures on a cumulative or moving-average basis rather than isolating individual quarters, given that portfolio positions are frequently subject to sudden adjustments driven by currency movements and shifting yield differentials between jurisdictions.
Frequently asked questions
- What financial instruments are counted under short-term debt securities?
- Money market instruments, commercial paper, and debt bills with maturities under one year issued by entities in the United States.
- How does this series differ from long-term debt measures?
- It exclusively captures financial instruments with an original maturity of one year or less, excluding bonds and notes with longer repayment terms.
- Why are revisions common in portfolio investment data?
- Custodial surveys and reporting agents frequently update their declarations of cross-border security holdings after initial publication deadlines.