10-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 European Central Bank's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 10-month maturity stood at 2.01 percent on 13 November 2025, compared to 1.99 on the previous day.
Sample. There are 5,418 records overall in the daily series presented in the graph above. The span of time covered by the series extends from September 2004 to November 2025.
History. Here’s a quick look at a few simple statistics we calculated on the full sample: the forward rate achieved a maximum of 4.89 percent on 9 June 2008; it registered a minimum of -0.70 on 19 November 2021; it had an average value of 1.36.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9947 |
| 2025-11-12 | 1.9853 |
| 2025-11-13 | 2.0084 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 10-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 |