By Laura Contemori – ROME (Econostream) – France’s Agence France Trésor (AFT) on Monday allotted €7.648 billion through the auction of four fixed-rate discount Treasury bills (BTFs).

For the 14-week BTF maturing September 30, 2026, €3.299 billion was allotted from €8.403 billion of bids. The bill cleared at a weighted average rate of 2.388%, with a bid-to-cover ratio of 2.55.

AFT also sold €400 million of the 23-week BTF due December 2, 2026. Demand reached €2.646 billion, resulting in a bid-to-cover ratio of 6.62. The weighted average rate was 2.449%.

The 25-week BTF maturing December 16, 2026 attracted €6.605 billion of bids, of which €1.950 billion was allotted. The bill cleared at a weighted average rate of 2.481% and a bid-to-cover ratio of 3.39.

The agency allotted €1.999 billion of the 51-week BTF due June 16, 2027 against demand of €6.010 billion. The weighted average rate was 2.640%, with a bid-to-cover ratio of 3.01.

Total bids reached €23.664 billion.

Settlement for all four lines was scheduled for June 24, 2026.

The total amount issued may be increased through second-round non-competitive bids (NCT2) to be held on June 23, 2026.