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. Based on ECB's statistics calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 3-year maturity was 2.51 percent on 29 December 2025, compared to 2.57 on 24 December.
Sample. The daily time series shown in the plot has a total of 5,448 observations. The series covers the time span extending from September 2004 to December 2025.
History. Here's a snapshot of a few summary statistics computed on the full sample: the forward rate hit a minimum of -1.06 percent on 9 March 2020; it hit a maximum of 4.77 on 19 June 2008; it was equal on average to 1.50.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 2.5748 |
| 2025-12-24 | 2.5707 |
| 2025-12-29 | 2.5052 |
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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 |
Series in the same data set
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