1-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; all ratings) - Euro area - ECB - Daily
This series is part of the dataset: Euro-area government bond yield curves (ECB)
Download Full Dataset (.xlsx)Latest updates. As indicated by European Central Bank's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 1-year maturity was 2.04 percent on 24 September 2025, the same value recorded on 23 September 2025.
Sample. There are 5,382 data points in the daily series displayed in the chart above. The series covers the time range extending from September 2004 to September 2025.
History. Here's a snapshot of a few summary statistics we calculated on the entire sample: the forward rate recorded its maximum of 4.93 percent on 9 June 2008; it hit a trough of -0.67 on 19 November 2021; it had an average value of 1.40.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 2.0303 |
| 2025-09-23 | 2.0401 |
| 2025-09-24 | 2.0426 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 1-year rate ECB instantaneous forward yield curve (all bonds) |
| Country | Euro area |
| Economic concept | Interest rate |
| Data type | Constant-maturity nominal instantaneous forward rate on government bonds |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Daily |
| Unit | Percentage points |
| Source | European Central Bank |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Interpolated level |
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