France Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-france
France Senior Unsecured Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.97%, fitted curve 1M–40Y (4.59%–6.46%), 208 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.59% | — |
| 3M | 4.62% | 4.63% |
| 6M | 4.66% | 4.81% |
| 9M | 4.71% | 4.90% |
| 12M | 4.75% | 4.90% |
| 18M | 4.84% | 5.09% |
| 2Y | 4.93% | 5.27% |
| 3Y | 5.10% | 5.54% |
| 4Y | 5.26% | 5.88% |
| 5Y | 5.41% | 6.20% |
| 6Y | 5.55% | 6.48% |
| 7Y | 5.67% | 6.71% |
| 8Y | 5.78% | 6.91% |
| 9Y | 5.88% | 7.07% |
| 10Y | 5.97% | 7.19% |
| 15Y | 6.26% | 7.34% |
| 20Y | 6.38% | 7.26% |
| 25Y | 6.43% | 7.05% |
| 30Y | 6.45% | 6.87% |
| 40Y | 6.46% | 6.70% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.93% and the 10-year 5.97%, a 10Y−2Y spread of +104 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.93% | 4.76% | 4.71% | 4.61% | 4.56% | 4.46% | 4.27% |
| 10Y | 5.97% | 5.73% | 5.59% | 5.57% | 5.50% | 5.44% | 5.23% |
| 10Y − 2Y | +104 bp | +97 bp | +88 bp | +97 bp | +93 bp | +99 bp | +96 bp |
Yields by rating group
The same curve split by credit quality: 262 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.36%, A+ to BBB- 5.42%, Speculative 6.20%.
Bonds in this curve
A selection of 30 of the 263 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Danone | 4.31% | 2026-11-02 | 2.95% | US23636TAE01 |
| Danone | 4.99% | 2026-11-02 | 2.95% | USF12033TP59 |
| Credit Agricole | 4.91% | 2027-01-10 | 4.12% | US22536PAB76 |
| Societe Generale | 4.56% | 2027-01-12 | 4.00% | US83368TAG31 |
| Societe Generale | 4.46% | 2027-02-19 | 5.25% | US83368RBZ47 |
| Credit Agricole | 4.61% | 2027-03-11 | 5.13% | US22535EAH09 |
| Societe Generale | 5.07% | 2027-05-24 | 3.38% | DE000SW0AES5 |
| Societe Generale | 5.03% | 2027-06-15 | 4.68% | US83368TBM99 |
| Sanofi SA | 4.64% | 2027-11-03 | 3.75% | US801060AE44 |
| BNP Paribas | 4.99% | 2027-11-16 | 3.50% | US09659X2C50 |
| Bpce SA | 5.08% | 2028-01-11 | 3.25% | US05578BAJ52 |
| Bpce SA | 4.74% | 2028-01-11 | 3.25% | US05578AAJ79 |
| Sanofi SA | 4.76% | 2028-06-19 | 3.62% | US801060AD60 |
| Banque Federative du Credit Mutuel | 5.17% | 2028-07-13 | 5.79% | US06675GBB05 |
| Engie SA | 5.18% | 2029-04-10 | 5.25% | USF7629AJB47 |
| Constellium SE | 5.72% | 2029-04-15 | 3.75% | USF21107AB74 |
| Orange SA | 5.35% | 2031-01-13 | 4.25% | USF6861DLG36 |
| Orange SA | 5.51% | 2031-03-01 | 9.00% | US35177PAL13 |
| SNF Group Saca | 5.73% | 2031-03-31 | 5.63% | USF8449EAA31 |
| Iliad Holding SAS | 7.25% | 2031-04-15 | 8.50% | USF507APAG60 |
| Sanofi SA | 5.08% | 2032-11-03 | 4.20% | US801060AJ31 |
| Credit Agricole | 5.51% | 2034-03-11 | 5.37% | US22535EAK38 |
| Totalenergies SE | 5.42% | 2034-04-05 | 5.15% | US89157XAA90 |
| L'Oreal S.A. | 5.36% | 2035-05-20 | 5.00% | USF6100PCP74 |
| Electricite de France SA | 5.98% | 2036-04-22 | 5.25% | USF2940EAC69 |
| Electricite de France SA | 6.17% | 2040-01-27 | 5.60% | USF2893TAE67 |
| Electricite de France SA | 6.41% | 2045-10-13 | 4.95% | USF2893TAQ97 |
| Totalenergies SE | 6.12% | 2049-07-12 | 3.46% | US89153VAU35 |
| Totalenergies SE | 6.10% | 2054-04-05 | 5.49% | US89157XAB73 |
| Totalenergies SE | 6.27% | 2064-04-05 | 5.64% | US89157XAC56 |