---
source: Agence France Trésor (AFT) / Investing.com
url: https://www.investing.com/economic-calendar/french-12-month-btf-auction-685
document_type: html (secondary coverage)
date_retrieved: 2026-03-30
period: March 30, 2026
parent_publication: French BTF Auction Results
indicators_covered: [3-Month BTF Auction, 6-Month BTF Auction, 12-Month BTF Auction]
---

# French BTF Auction Results, March 30, 2026

The Agence France Trésor (AFT) conducted its weekly auction of short-term government securities (Bons du Trésor à taux fixe et intérêts précomptés, or BTF) on March 30, 2026. The results indicated a general rise in short-term borrowing costs for the French government across most maturities.

## Auction Summary

| Maturity | Actual Yield (%) | Previous Yield (%) | Change (bps) |
|----------|------------------|--------------------|--------------|
| 3-Month  | 2.238            | 2.226              | +1.2         |
| 6-Month  | 2.407            | 2.412              | -0.5         |
| 12-Month | 2.660            | 2.585              | +7.5         |

### 12-Month BTF Auction
The 12-Month BTF yield saw the most significant increase, rising to **2.660%** from the previous 2.585%. This reflects a 7.5 basis point increase in the cost of 1-year financing for the French Treasury.

### 6-Month BTF Auction
The 6-Month BTF yield remained relatively stable, edging slightly lower to **2.407%** compared to the previous 2.412%.

### 3-Month BTF Auction
The 3-Month BTF yield rose to **2.238%** from the previous 2.226%, continuing an upward trend in ultra-short-term borrowing rates observed throughout March 2026.

## Context and Market Impact
BTFs are zero-coupon French government securities with maturities up to one year. They are used by the AFT for short-term cash management. The rising yields in the 3-month and 12-month buckets suggest tightening liquidity or shifting market expectations regarding ECB interest rate paths.

*Note: The primary AFT publication portal (aft.gouv.fr) was inaccessible via direct automated retrieval due to security challenge headers; data verified via Investing.com and MQL5 economic calendars.*