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 ECB's statistics computed on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 3-month maturity was 2.34 percent on 31 March 2026, compared to 2.32 on 30 March 2026.
Sample. There are 5,514 observations in the daily time series presented in the chart above. The series covers the time period going from September 2004 to March 2026.
History. Here's a peek at some descriptive statistics we calculated on the full sample: the forward rate had an average value of 0.94 percent; it recorded a minimum of -0.91 on 10 March 2017; it reached a maximum of 4.51 on 9 October 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-27 | 2.329 |
| 2026-03-30 | 2.3186 |
| 2026-03-31 | 2.3396 |
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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
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