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. As indicated by European Central Bank's statistics calculated on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 3-month maturity was 2.38 percent on 22 June 2026, versus 2.36 on 19 June.
Sample. There are 5,570 observations overall in the daily time series shown in the graph above. The time span covered by the series stretches from September 2004 to June 2026.
History. Check out some descriptive statistics calculated on the whole sample: the forward rate achieved a maximum of 4.51 percent on 9 October 2008; it hit a trough of -0.91 on 10 March 2017; it had an average value of 0.96.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-18 | 2.3663 |
| 2026-06-19 | 2.3628 |
| 2026-06-22 | 2.3805 |
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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 |
Series in the same data set
Discover the other time series included in this data set.