3-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 3-month maturity was 1.91 percent on 13 November 2025, compared to 1.93 on 12 November.
Sample. This daily time series has 5,418 data points. The series covers the span of time stretching from September 2004 to November 2025.
History. Here's a glimpse of some summary statistics we calculated on the whole sample: the forward rate was equal on average to 0.92 percent; it reached its maximum of 4.51 on 9 October 2008; it reached its minimum of -0.91 on 10 March 2017.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9202 |
| 2025-11-12 | 1.9259 |
| 2025-11-13 | 1.9135 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 3-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 |