French non-MMF investment funds long-term debt holdings
French non-MMF investment funds long-term debt holdings stood at 523.63 EUR billion in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Securities held by residents table (Value · Quarterly), with a complete series running from Q4 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Securities held by residents table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All non-money market funds, outstanding amounts | |||||||||||
| Holdings of long-term debt securities | 523.63 | 513.85 | 506.36 | 501.27 | 485.17 | 470.92 | 461.67 | 449.7 | 429.73 | 423.12 | |
| Holdings of short-term debt securities | 44.08 | 43.33 | 46.21 | 43.93 | 42.2 | 43.01 | 36.49 | 24.06 | 22.64 | 21.98 |
Understanding french non-MMF investment funds long-term debt holdings
The total financial value of extended-maturity debt securities held within the investment portfolios of non-money market collective funds comprises this metric. It tracks long-term bonds and fixed-income assets owned by mutual funds and investment funds excluding money market funds, omitting short-term debt and equity holdings. This measure reflects the fixed-income allocation maintained by collective investment vehicles within domestic financial markets.
Evaluation of these fund bond holdings requires monitoring interest rate changes that drive valuation gains or losses on fixed-income portfolios. Quarterly revisions frequently occur as investment funds reconcile asset valuations and sub-custodian reports. Comparing this series with direct sector debt custody data highlights how collective investment institutions intermediate fixed-income demand compared to direct retail or institutional holders.
Frequently asked questions
- What asset types are captured in the long-term debt holdings of non-money market funds?
- Corporate bonds, sovereign bonds, and other fixed-income securities with maturities exceeding one year held in fund portfolios are captured.
- How do interest rate cycles impact fund bond portfolios?
- Rising interest rates reduce the portfolio valuation of existing fixed-rate bonds held by investment funds.
- Are short-term money market instruments included in this asset category?
- No, instruments with maturities of one year or less are tracked in a separate short-term debt holdings series.