3-Month BTF Auction

Published:

France sells short-term government debt that normally matures in approximately three months.

Economic EventsBTF = Bons du Trésor à taux fixe

Full explanation

An auction of short-term French government Treasury bills. Traders may compare the auction yield and demand with previous auctions.

Why traders watch it

Changes in yields or demand can provide information about short-term interest-rate expectations and demand for French government debt.

Stronger vs weaker outcomes

Compare the auction yield and demand measures with previous auctions.

Typical volatility

There is no reliable rule that a higher auction yield automatically makes the euro rise or fall.

Related indicators