The Tec 10 index, which ultimately dictates how much the French government pays to borrow money over 10 years in France, fell during the summer 2019 to its lowest ever level of -0.5% and now stands at 2.76% after an increase in 2022.

Even though the rates are rising rapidly, they are reaching a level that was considered a normality before the all-time historic low level we witnessed for a couple of years. They are still quite low and more importantly fixed for the whole duration.