France Senior Unsecured Non-Callable Utilities & Power Corporate Bond Yields (EUR)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/eur-corporate-senior-unsecured-utilities-power-france-non-callable
France Senior Unsecured Non-Callable Utilities & Power Corporate Bond Yields (EUR) as of 2026-07-27: 10Y at 4.12%, fitted curve 3M–25Y (2.64%–4.99%), 90 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.64% | — |
| 6M | 2.89% | 3.13% |
| 9M | 3.02% | 3.29% |
| 12M | 3.10% | 3.32% |
| 18M | 3.18% | 3.35% |
| 2Y | 3.25% | 3.45% |
| 3Y | 3.38% | 3.65% |
| 4Y | 3.53% | 3.97% |
| 5Y | 3.67% | 4.23% |
| 6Y | 3.78% | 4.32% |
| 7Y | 3.86% | 4.35% |
| 8Y | 3.94% | 4.51% |
| 9Y | 4.03% | 4.75% |
| 10Y | 4.12% | 4.96% |
| 15Y | 4.52% | 5.33% |
| 20Y | 4.81% | 5.66% |
| 25Y | 4.99% | 5.74% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.25% and the 10-year 4.12%, a 10Y−2Y spread of +87 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-26 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.25% | 2.99% | 3.11% | 3.08% | 3.18% | — | 2.67% |
| 10Y | 4.12% | 3.84% | 3.99% | 4.03% | 4.12% | 3.76% | 3.81% |
| 10Y − 2Y | +87 bp | +85 bp | +88 bp | +95 bp | +93 bp | — | +114 bp |
Bonds in this curve
A selection of 30 of the 93 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Electricite de France SA | 2.25% | 2026-10-13 | 1.00% | FR0013213295 |
| RTE Reseau de Transport D'electricite | 2.56% | 2026-10-19 | 1.00% | FR0013152899 |
| Electricite de France SA | 3.11% | 2027-01-12 | 3.88% | FR001400D6M2 |
| Veolia Environnement SA | 2.55% | 2027-03-30 | 4.62% | FR0011224963 |
| Veolia Environnement SA | 3.12% | 2027-04-02 | 1.25% | FR0013505542 |
| Engie SA | 2.87% | 2027-06-21 | 0.38% | FR0013428489 |
| Engie SA | 3.47% | 2027-09-06 | 3.75% | FR001400KHF2 |
| Veolia Environnement SA | 3.00% | 2028-01-10 | 1.59% | FR0012663169 |
| Terega SA | 3.63% | 2028-02-27 | 0.62% | FR0013486834 |
| Veolia Environnement SA | 3.10% | 2028-05-19 | 1.25% | FR0013173432 |
| Engie SA | 3.01% | 2028-06-22 | 1.38% | FR0013344686 |
| RTE Reseau de Transport D'electricite | 3.23% | 2029-06-20 | 2.75% | FR0011991488 |
| Engie SA | 3.33% | 2029-09-27 | 3.50% | FR001400A1H6 |
| Electricite de France SA | 3.38% | 2030-04-26 | 4.62% | FR0010891317 |
| Veolia Environnement SA | 3.44% | 2030-09-17 | 1.62% | FR0013359254 |
| Electricite de France SA | 3.65% | 2031-03-04 | 3.00% | FR0014016LX9 |
| Engie SA | 3.58% | 2031-03-06 | 3.62% | FR001400OJB9 |
| Engie SA | 3.70% | 2032-03-30 | 2.12% | FR0013504693 |
| Electricite de France SA | 3.70% | 2032-05-07 | 3.25% | FR001400ZGF2 |
| Electricite de France SA | 3.61% | 2033-02-21 | 5.62% | XS0162990229 |
| RTE Reseau de Transport D'electricite | 3.81% | 2033-04-30 | 3.50% | FR001400PSS1 |
| Engie SA | 3.98% | 2034-09-06 | 4.25% | FR001400KHH8 |
| Veolia Environnement SA | 3.96% | 2034-09-09 | 3.57% | FR001400SG71 |
| Engie SA | 3.92% | 2035-03-13 | 1.50% | FR0012602779 |
| Veolia Environnement SA | 4.04% | 2035-05-14 | 1.25% | FR0013512449 |
| Engie SA | 4.05% | 2036-03-06 | 3.88% | FR001400OJC7 |
| Veolia Environnement SA | 4.16% | 2036-04-10 | 4.12% | FR0014017P04 |
| Engie SA | 4.22% | 2039-06-21 | 1.38% | FR0013428513 |
| Engie SA | 4.64% | 2044-03-06 | 4.25% | FR001400OJE3 |
| Electricite de France SA | 5.12% | 2049-12-09 | 2.00% | FR0013465424 |