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 securities, the instantaneous forward rate on euro-area government bonds at the 3-year maturity was 2.34 percent on 30 September 2025, compared to 2.35 on the previous day.
Sample. In the daily series plotted above, there are 5,386 records in total. The series covers the time span stretching from September 2004 to September 2025.
History. Have a look at some summary statistics calculated on the entire sample: the forward rate averaged 1.49 percent; it reached a trough of -1.06 on 9 March 2020; it recorded its highest level of 4.77 on 19 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 2.3693 |
| 2025-09-29 | 2.3459 |
| 2025-09-30 | 2.339 |
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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 |