10-month instantaneous forward rate on government bonds (percentage points; nominal; interpolated; AAA rating) - Euro area - ECB - Daily
This series is part of the dataset: Euro-area government bond yield curves (ECB)
Download Full Dataset (.xlsx)Latest updates. According to European Central Bank's statistics calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 10-month maturity stood at 1.95 percent on 24 September 2025, compared to 1.96 on 23 September.
Sample. There are 5,382 data points overall in the daily time series shown in the plot above. The span of time covered by the series extends from September 2004 to September 2025.
History. Here's a glimpse of a few statistics we computed on the full sample: the forward rate was equal on average to 0.99 percent; it reached its maximum of 4.85 on 9 June 2008; it reached a trough of -0.98 on 12 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 1.9468 |
| 2025-09-23 | 1.9566 |
| 2025-09-24 | 1.9482 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 10-month rate ECB instantaneous forward yield curve (AAA 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 |
Series in the same data set
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