5-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 5-month maturity was 1.93 percent on 24 September 2025, compared to 1.94 on 23 September.
Sample. In the daily time series plotted above, there are 5,382 data points in total. 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 entire sample: the forward rate peaked at 4.57 percent on 9 June 2008; it reached a minimum of -0.91 on 10 March 2017; it had an average value of 0.94.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 1.9388 |
| 2025-09-23 | 1.9368 |
| 2025-09-24 | 1.9326 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 5-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
Discover the other time series included in this data set.