1-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. Based on European Central Bank's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 1-year maturity was 2.13 percent on 29 December 2025, versus 2.18 on 24 December.
Sample. There are 5,448 data points in the daily time series presented in the graph above. The time range covered by the series stretches from September 2004 to December 2025.
History. Here’s a quick look at a few statistics we calculated on the entire sample: the forward rate registered a minimum of -0.67 percent on 19 November 2021; it achieved a maximum of 4.93 on 9 June 2008; it had a mean value of 1.41.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 2.1768 |
| 2025-12-24 | 2.1779 |
| 2025-12-29 | 2.1327 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 1-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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