8-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. Based on ECB's statistics computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 8-month maturity was 1.94 percent on 24 September 2025, compared to 1.95 on 23 September 2025.
Sample. There are 5,382 data points overall in the daily time series presented in the chart above. The period covered by the series extends from September 2004 to September 2025.
History. Here's a snapshot of a few descriptive statistics calculated on the whole sample: the forward rate registered a minimum of -0.96 percent on 12 March 2020; it hit a peak of 4.79 on 9 June 2008; it was equal on average to 0.97.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 1.9395 |
| 2025-09-23 | 1.9451 |
| 2025-09-24 | 1.9382 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 8-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 |
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