4-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 securities, the instantaneous forward rate on euro-area government bonds at the 4-month maturity was 1.93 percent on 24 September 2025, versus 1.94 on 23 September.
Sample. This daily time series has a total of 5,382 observations. The series covers the time span going from September 2004 to September 2025.
History. Here's a snapshot of some summary statistics we computed on the full sample: the forward rate averaged 0.93 percent; it reached its minimum of -0.91 on 10 March 2017; it attained a maximum of 4.46 on 9 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 1.9415 |
| 2025-09-23 | 1.9367 |
| 2025-09-24 | 1.9336 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 4-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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