France short-term state debt share: other financial institutions
France short-term state debt share: other financial institutions stood at 9.72% in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities holders table (Value · Quarterly), with a complete series running from Q1 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities holders table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other financial institutions excluding insurance and pension funds4 | 9.72 | 7.89 | 7.52 | 8.53 | 8.21 | 9.34 | 7.21 | 5.11 | 4.78 | 5.86 | |
| Non-money market investment funds | 9.71 | 7.34 | 7.43 | 8.6 | 8.1 | 8.94 | 7.1 | 4.9 | 4.41 | 5.12 | |
| Other financial intermediaries | 0.01 | 0.55 | 0.09 | -0.06 | 0.11 | 0.4 | 0.11 | 0.21 | 0.2 | 0.01 |
Understanding france short-term state debt share: other financial institutions
Specialized financial market participants outside the banking, insurance, and pension fund industries maintain a distinct proportional share of short-term state debt instruments. This segment captures auxiliary financial intermediaries, investment funds, and specialized vehicles that hold government paper maturing in the near term, while deliberately excluding traditional credit institutions and long-term risk poolers. The resulting metric details how much of the short-term sovereign issuance rests within these specific market segments.
Analysis of this series must account for shifting regulatory classifications and periodic reclassifications of financial intermediaries between subsectors. Seasonal liquidity pressures within wholesale financial markets can introduce short-term volatility, making sequential period comparisons sensitive to timing effects. Analysts evaluating this proportion should examine how these specialized entities alter their portfolio allocations in response to changes in short-term interest rates and money market conditions compared to deposit-taking institutions.
Frequently asked questions
- Which types of entities fall outside insurance and pension categories in this breakdown?
- The classification includes investment funds, security dealers, financial auxiliaries, and specialized lending vehicles operating outside traditional banking.
- How do regulatory reclassifications affect this particular debt holder series?
- Changes in institutional licensing can cause sudden shifts in reported volumes as entities move between financial subsectors without any actual market transaction.
- What distinguishes these institutions from monetary financial institutions in the same dataset?
- Unlike deposit-taking banks, these entities do not primarily accept customer deposits or operate within the core monetary creation channel.