3-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 ECB's statistics calculated on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 3-month maturity was 1.94 percent on 24 September 2025, the same value recorded on 23 September 2025.
Sample. This daily time series has 5,382 data points in total. The time span covered by the series is from September 2004 to September 2025.
History. Here's a peek at some descriptive statistics calculated on the whole sample: the forward rate had an average value of 0.92 percent; it reached its lowest level of -0.91 on 10 March 2017; it reached its highest level of 4.51 on 9 October 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 1.9458 |
| 2025-09-23 | 1.938 |
| 2025-09-24 | 1.936 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 3-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 |
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