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 calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 3-month maturity was 1.99 percent on 30 September 2025, compared to 2.00 on the previous day.
Sample. There are 5,386 observations overall in the daily time series shown in the figure above. The series covers the time range extending from September 2004 to September 2025.
History. Here’s a quick look at a few statistics computed on the whole sample: the forward rate averaged 1.11 percent; it reached a maximum of 4.37 on 2 July 2008; it recorded a bottom of -0.88 on 30 March 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 1.9965 |
| 2025-09-29 | 1.9988 |
| 2025-09-30 | 1.9909 |
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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 |