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 1.99 percent on 29 December 2025, as on 24 December 2025.
Sample. The daily time series shown in the graph has a total of 5,448 records. The period covered by the series is from September 2004 to December 2025.
History. Here are a few simple statistics we calculated on the entire sample: the forward rate reached its maximum of 4.51 percent on 9 October 2008; it reached a trough of -0.91 on 10 March 2017; it had a mean of 0.93.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 1.9792 |
| 2025-12-24 | 1.9876 |
| 2025-12-29 | 1.9854 |
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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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