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. Based on ECB's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 10-month maturity was 2.02 percent on 30 September 2025, compared to 2.01 on 29 September.
Sample. There are 5,386 data points in the daily time series shown in the chart above. The series covers the span of time extending from September 2004 to September 2025.
History. Here's a snapshot of some statistics calculated on the whole sample: the forward rate had a mean value of 1.35 percent; it recorded a bottom of -0.70 on 19 November 2021; it recorded its highest level of 4.89 on 9 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 2.0267 |
| 2025-09-29 | 2.0127 |
| 2025-09-30 | 2.019 |
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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 |