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. As indicated by ECB's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 3-month maturity was 2.00 percent on 13 November 2025, compared to 1.99 on the previous day.
Sample. There are 5,418 records overall in the daily series presented in the graph above. The series covers the period stretching from September 2004 to November 2025.
History. Check out a few descriptive statistics calculated on the full sample: the forward rate averaged 1.12 percent; it recorded its maximum of 4.37 on 2 July 2008; it reached a minimum of -0.88 on 30 March 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9858 |
| 2025-11-12 | 1.9926 |
| 2025-11-13 | 2.0028 |
Suggestion. We organize indicators into data sets and worksheets for easier exploration. Scrolling downwards, you will discover how we arranged further information related to the statistics published here.
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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 |