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 bonds, the instantaneous forward rate on euro-area government bonds at the 11-month maturity stood at 1.96 percent on 30 September 2025, compared to 1.97 on the previous day.
Sample. There are 5,386 observations overall in the daily time series presented in the plot above. The span of time covered by the series extends from September 2004 to September 2025.
History. Here are a few summary statistics we calculated on the whole sample: the forward rate recorded its maximum of 4.87 percent on 9 June 2008; it recorded a minimum of -1.00 on 12 March 2020; it had an average value of 1.00.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 1.9683 |
| 2025-09-29 | 1.9671 |
| 2025-09-30 | 1.9613 |
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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 |