France Senior Unsecured Non-Callable Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-france-non-callable
France Senior Unsecured Non-Callable Corporate Bond Yields (EUR) as of 2026-09-11: 10Y at 4.48%, fitted curve 1M–25Y (3.15%–5.27%), 629 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.15% | — |
| 3M | 3.18% | 3.19% |
| 6M | 3.23% | 3.32% |
| 9M | 3.28% | 3.52% |
| 12M | 3.36% | 3.52% |
| 18M | 3.53% | 3.93% |
| 2Y | 3.64% | 4.03% |
| 3Y | 3.79% | 4.14% |
| 4Y | 3.92% | 4.40% |
| 5Y | 4.04% | 4.65% |
| 6Y | 4.16% | 4.86% |
| 7Y | 4.26% | 5.02% |
| 8Y | 4.34% | 5.12% |
| 9Y | 4.41% | 5.20% |
| 10Y | 4.48% | 5.30% |
| 15Y | 4.88% | 6.21% |
| 20Y | 5.16% | 6.76% |
| 25Y | 5.27% | 6.37% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.64% and the 10-year 4.48%, a 10Y−2Y spread of +84 bp — positively sloped — as of 2026-09-11. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.64% | 3.21% | 3.16% | 3.17% | 3.17% | 3.19% | 2.82% |
| 10Y | 4.48% | 4.10% | 4.03% | 4.02% | 4.08% | 4.07% | 3.87% |
| 10Y − 2Y | +84 bp | +89 bp | +87 bp | +85 bp | +91 bp | +88 bp | +104 bp |
Yields by rating group
The same curve split by credit quality: 612 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.90%, A+ to BBB- 3.99%, Speculative 4.49%.
Bonds in this curve
A selection of 30 of the 639 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Electricite de France SA | 3.34% | 2026-10-13 | 1.00% | FR0013213295 |
| Alstom SA | 4.20% | 2026-10-14 | 0.25% | FR0013453040 |
| Argan | 3.13% | 2026-11-17 | 1.01% | FR0014006FB8 |
| AXA SA | 3.47% | 2026-11-15 | 0.38% | XS2407019798 |
| Thales SA | 3.18% | 2027-01-29 | 0.25% | FR0013479748 |
| Orange SA | 2.82% | 2027-02-03 | 0.88% | FR0013217114 |
| Unibail-Rodamco-Westfield SE | 3.30% | 2027-04-28 | 1.12% | XS1401196958 |
| Credit Agricole | 3.30% | 2027-05-02 | 2.00% | FR0013246626 |
| Alstom SA | 3.34% | 2027-07-27 | 0.12% | FR0014004QX4 |
| Credit Agricole | 3.19% | 2027-07-28 | 3.38% | FR001400E7J5 |
| Legrand SA | 3.40% | 2027-12-16 | 1.88% | FR0013073277 |
| Carrefour SA | 3.30% | 2027-12-15 | 2.62% | FR0013505260 |
| AIR Liquide Finance SA | 3.39% | 2028-06-13 | 1.25% | FR0013182847 |
| Schneider Electric SE | 3.54% | 2028-06-12 | 3.25% | FR001400IJT3 |
| Banque Federative du Credit Mutuel | 3.74% | 2029-03-13 | 4.12% | FR001400GGZ0 |
| Sanofi SA | 3.44% | 2029-03-21 | 0.88% | FR0013409844 |
| Gecina | 4.09% | 2030-03-14 | 1.62% | FR0013322989 |
| Tikehau Capital SCA | 4.67% | 2030-03-14 | 6.62% | FR001400KKX9 |
| Orano SA | 4.26% | 2031-03-12 | 4.00% | FR001400OM36 |
| Safran SA | 3.89% | 2031-03-17 | 0.75% | FR0014002G36 |
| Ipsen SA | 4.37% | 2032-03-25 | 3.88% | FR001400YD27 |
| Unibail-Rodamco-Westfield SE | 4.28% | 2032-03-29 | 0.88% | FR0013456621 |
| La Poste SA | 4.14% | 2033-03-14 | 3.12% | FR001400CN54 |
| Compagnie de Saint-Gobain SA | 4.79% | 2033-03-28 | 3.88% | XS0906397491 |
| Sanofi SA | 3.89% | 2034-03-21 | 1.25% | FR0013409851 |
| Engie SA | 4.42% | 2035-03-13 | 1.50% | FR0012602779 |
| Veolia Environnement SA | 4.50% | 2036-04-10 | 4.12% | FR0014017P04 |
| Engie SA | 4.69% | 2039-06-21 | 1.38% | FR0013428513 |
| RTE Reseau de Transport D'electricite | 4.85% | 2044-04-30 | 3.75% | FR001400PST9 |
| Unibail-Rodamco-Westfield SE | 5.25% | 2049-07-01 | 1.75% | FR0013431715 |