3-year 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 calculated on AAA securities, the instantaneous forward rate on euro-area government bonds at the 3-year maturity was 2.35 percent on 13 November 2025, compared to 2.30 on the previous day.
Sample. There are 5,418 data points in the daily time series presented in the chart above. The time span covered by the series goes from September 2004 to November 2025.
History. Here are some statistics computed on the entire sample: the forward rate was equal on average to 1.50 percent; it recorded a maximum of 4.77 on 19 June 2008; it hit a minimum of -1.06 on 9 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 2.3083 |
| 2025-11-12 | 2.2951 |
| 2025-11-13 | 2.3462 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 3-year 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 |