1-year 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 European Central Bank's statistics calculated on AAA securities, the instantaneous forward rate on euro-area government bonds at the 1-year maturity stood at 1.98 percent on 13 November 2025, compared to 1.96 on the previous day.
Sample. There are 5,418 records in the daily series presented in the chart above. The series covers the time range extending from September 2004 to November 2025.
History. Take a look at a few simple statistics computed on the whole sample: the forward rate reached a trough of -1.01 percent on 12 March 2020; it reached a maximum of 4.87 on 9 June 2008; it had a mean value of 1.01.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9491 |
| 2025-11-12 | 1.9563 |
| 2025-11-13 | 1.9804 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 1-year 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 |