11-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. According to European Central Bank's statistics computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 11-month maturity was 1.97 percent on 13 November 2025, compared to 1.95 on the previous day.
Sample. There are 5,418 data points in the daily time series shown in the plot above. The series covers the time span going from September 2004 to November 2025.
History. Here's a snapshot of some summary statistics computed on the full sample: the forward rate recorded a maximum of 4.87 percent on 9 June 2008; it reached a minimum of -1.00 on 12 March 2020; it had an average value of 1.00.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9416 |
| 2025-11-12 | 1.9492 |
| 2025-11-13 | 1.9702 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 11-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 |