10-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. As indicated by European Central Bank's statistics computed on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 10-month maturity was 1.95 percent on 30 September 2025, versus 1.96 on 29 September.
Sample. In this daily time series, there are a total of 5,386 observations. The series covers the time span extending from September 2004 to September 2025.
History. Take a look at a few summary statistics computed on the whole sample: the forward rate had an average value of 0.99 percent; it reached a minimum of -0.98 on 12 March 2020; it hit a maximum of 4.85 on 9 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 1.9606 |
| 2025-09-29 | 1.9597 |
| 2025-09-30 | 1.9543 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 10-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 |