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 computed on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 3-month maturity was 2.81 percent on 12 November 2026, versus 2.79 on 11 November 2026.
Sample. The daily time series shown in the graph has 5,673 observations in total. The time range covered by the series extends from September 2004 to November 2026.
History. Here’s a quick look at a few summary statistics computed on the entire sample: the forward rate hit a trough of -0.91 percent on 10 March 2017; it hit a maximum of 4.51 percent on 9 October 2008; it had an average value of 0.99 percent.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-11-10 | 2.77860 |
| 2026-11-11 | 2.79290 |
| 2026-11-12 | 2.80820 |
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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.