3-month 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. According to ECB's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 3-month maturity was 1.99 percent on 24 September 2025, as on 23 September 2025.
Sample. There are 5,382 observations overall in the daily time series presented in the graph above. The time range covered by the series stretches from September 2004 to September 2025.
History. Here are a few simple statistics computed on the whole sample: the forward rate reached its lowest level of -0.88 percent on 30 March 2022; it attained a maximum of 4.37 on 2 July 2008; it was equal on average to 1.11.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 1.997 |
| 2025-09-23 | 1.9936 |
| 2025-09-24 | 1.9927 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 3-month 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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