France Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-france
France Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.67%, fitted curve 1M–40Y (4.53%–6.18%), 187 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.53% | — |
| 3M | 4.55% | 4.56% |
| 6M | 4.59% | 4.63% |
| 9M | 4.63% | 4.70% |
| 12M | 4.66% | 4.78% |
| 18M | 4.74% | 4.89% |
| 2Y | 4.81% | 5.03% |
| 3Y | 4.95% | 5.23% |
| 4Y | 5.07% | 5.45% |
| 5Y | 5.18% | 5.61% |
| 6Y | 5.27% | 5.72% |
| 7Y | 5.36% | 5.88% |
| 8Y | 5.46% | 6.15% |
| 9Y | 5.57% | 6.46% |
| 10Y | 5.67% | 6.64% |
| 15Y | 5.97% | 6.57% |
| 20Y | 6.09% | 6.46% |
| 25Y | 6.14% | 6.35% |
| 30Y | 6.17% | 6.27% |
| 40Y | 6.18% | 6.22% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.81% and the 10-year 5.67%, a 10Y−2Y spread of +86 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 ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.81% | 4.60% | 4.59% | 4.46% | 4.58% | 4.13% | 4.10% |
| 10Y | 5.67% | 5.55% | 5.58% | 5.40% | 5.58% | 5.11% | 5.26% |
| 10Y − 2Y | +86 bp | +95 bp | +99 bp | +94 bp | +100 bp | +98 bp | +116 bp |
Yields by rating group
The same curve split by credit quality: 240 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.20%, A+ to BBB- 5.27%, Speculative 6.82%.
Bonds in this curve
A selection of 30 of the 241 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Societe Generale | 3.91% | 2026-08-19 | — | USF43628C650 |
| AIR Liquide Finance SA | 6.60% | 2026-09-27 | 2.50% | USF0183JHQ79 |
| Banque Federative du Credit Mutuel | 6.19% | 2026-10-04 | 1.60% | US06675GAY17 |
| Danone | 4.46% | 2026-11-02 | 2.95% | USF12033TP59 |
| Credit Agricole | 4.59% | 2027-01-10 | 4.12% | US22536PAB76 |
| Credit Agricole | 5.29% | 2027-01-11 | 2.02% | US22535EAB39 |
| Credit Agricole | 4.35% | 2027-03-11 | 5.13% | US22534PAH64 |
| Societe Generale | 5.04% | 2027-05-24 | 3.38% | DE000SW0AES5 |
| Societe Generale | 4.92% | 2027-06-15 | 4.68% | US83368TBM99 |
| Bpce SA | 5.06% | 2027-10-23 | 3.50% | US05584KAC27 |
| Sanofi SA | 4.45% | 2027-11-03 | 3.75% | US801060AE44 |
| BNP Paribas | 4.82% | 2027-11-16 | 3.50% | US09659X2C50 |
| Sanofi SA | 4.39% | 2028-06-19 | 3.62% | US801060AD60 |
| Banque Federative du Credit Mutuel | 5.08% | 2028-07-13 | 5.79% | US06675GBB05 |
| Totalenergies SE | 4.61% | 2029-02-19 | 3.46% | US89153VAQ23 |
| Engie SA | 4.98% | 2029-04-10 | 5.25% | USF7629AJB47 |
| SNF Group Saca | 5.59% | 2030-03-15 | 3.38% | US7846ELAE71 |
| Orange SA | 5.16% | 2031-01-13 | 4.25% | USF6861DLG36 |
| SNF Group Saca | 5.57% | 2031-03-31 | 5.63% | USF8449EAA31 |
| Bpce SA | 5.43% | 2031-05-28 | 5.39% | USF1886DAA03 |
| Iliad Holding SAS | 6.82% | 2032-04-15 | 7.00% | USF507APAL55 |
| Societe Generale | 5.82% | 2034-01-10 | 6.69% | US83368RBS04 |
| Credit Agricole | 5.26% | 2034-03-11 | 5.37% | US22535EAK38 |
| L'Oreal S.A. | 5.24% | 2035-05-20 | 5.00% | USF6100PCP74 |
| Electricite de France SA | 5.70% | 2036-04-22 | 5.25% | USF2940EAC69 |
| Credit Agricole | 6.12% | 2041-01-11 | 2.81% | USF2R125CH68 |
| Orange SA | 6.02% | 2044-02-06 | 5.50% | US685218AB52 |
| Totalenergies SE | 6.04% | 2049-07-12 | 3.46% | US89153VAU35 |
| Totalenergies SE | 6.00% | 2054-04-05 | 5.49% | US89157XAB73 |
| Totalenergies SE | 6.14% | 2064-04-05 | 5.64% | US89157XAC56 |