4-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 bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 4-year maturity was 3.08 percent on 24 September 2025, compared to 3.07 on 23 September.
Sample. There are 5,382 records overall in the daily time series displayed in the chart above. The series covers the time period extending from September 2004 to September 2025.
History. Here’s a quick look at a few descriptive statistics calculated on the full sample: the forward rate achieved a maximum of 4.86 percent on 13 October 2008; it recorded a minimum of -0.47 on 11 December 2020; it was equal on average to 2.37.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.0714 |
| 2025-09-23 | 3.0722 |
| 2025-09-24 | 3.0838 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 4-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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