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 bonds, the instantaneous forward rate on euro-area government bonds at the 3-month maturity was 2.34 percent on 14 May 2026, compared to 2.35 on 13 May 2026.
Sample. In the daily time series shown in the plot, there are 5,543 data points in total. The series covers the span of time stretching from September 2004 to May 2026.
History. Take a look at a few simple statistics calculated on the whole sample: the forward rate attained 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 0.95.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-12 | 2.3514 |
| 2026-05-13 | 2.3472 |
| 2026-05-14 | 2.3447 |
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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.