By Laura Contemori – ROME (Econostream) – France’s Agence France Trésor (AFT) on Tuesday sold €8.094 billion of short-term Treasury bills (BTFs) across four maturities, in the upper end of the targeted issuance ranges announced ahead of the auction on Friday.

AFT allotted €600 million of the 11-week BTF maturing August 12, 2026 at a weighted average rate of 2.228%, with bids totaling €2.896 billion and a bid-to-cover ratio of 4.83. The marginal rate was 2.230%.

The agency also sold €3.3 billion of the 14-week BTF due September 2, 2026 at a weighted average rate of 2.277%. Total bids amounted to €10.816 billion, implying a bid-to-cover ratio of 3.28. The marginal rate came at 2.280%.

For the 25-week BTF maturing November 18, 2026, the Treasury allotted €2.197 billion at a weighted average rate of 2.385%, with demand reaching €9.752 billion and a bid-to-cover ratio of 4.44. The marginal rate was 2.390%.

The 51-week BTF maturing May 20, 2027 drew €8.455 billion in bids, with €1.997 billion allotted at a weighted average rate of 2.577% and a bid-to-cover ratio of 4.23. The marginal rate stood at 2.580%.

Settlement for all four lines was scheduled for May 28, 2026. The agency said the total amount issued may be increased through non-competitive bids 2 (NCT2) that will take place on May 27.