5-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 computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 5-month maturity was 1.98 percent on 24 September 2025, compared to 1.99 on 23 September 2025.
Sample. In the daily series presented in the chart, there are 5,382 data points overall. The time range covered by the series is from September 2004 to September 2025.
History. Here's a glimpse of a few descriptive statistics we computed on the entire sample: the forward rate had a mean value of 1.20 percent; it reached a trough of -0.75 on 19 November 2021; it achieved a maximum of 4.57 on 9 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 1.99 |
| 2025-09-23 | 1.9875 |
| 2025-09-24 | 1.9835 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 5-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 |
Series in the same data set
Discover the other time series included in this data set.