3-month instantaneous forward rate on government bonds (percentage points; nominal; interpolated; all ratings) - Euro area - ECB - Daily
This series is part of the dataset: Euro-area government bond yield curves (ECB)
Download Full Dataset (.xlsx)Latest updates. Based on European Central Bank's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 3-month maturity stood at 2.03 percent on 29 December 2025, the same as on 24 December 2025.
Sample. In the daily time series displayed in the chart, there are 5,448 data points. The series covers the span of time going from September 2004 to December 2025.
History. Here are a few simple statistics computed on the whole sample: the forward rate was equal on average to 1.12 percent; it reached its lowest level of -0.88 on 30 March 2022; it achieved a maximum of 4.37 on 2 July 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 2.0282 |
| 2025-12-24 | 2.033 |
| 2025-12-29 | 2.0293 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 3-month rate ECB instantaneous forward yield curve (all 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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