4-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 European Central Bank's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 4-month maturity was 2.52 percent on 31 March 2026, the same value recorded on 30 March.
Sample. There are 5,514 observations in the daily time series shown in the graph above. The series covers the time period going from September 2004 to March 2026.
History. Here’s a quick look at a few simple statistics we computed on the entire sample: the forward rate registered a minimum of -0.83 percent on 30 March 2022; it reached its maximum of 4.46 on 2 July 2008; it had an average value of 1.18.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-27 | 2.5495 |
| 2026-03-30 | 2.5167 |
| 2026-03-31 | 2.5173 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 4-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 |
Series in the same data set
Discover the other time series included in this data set.