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. According to European Central Bank's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 4-month maturity stood at 2.55 percent on 14 May 2026, versus 2.56 on the previous day.
Sample. There are 5,543 observations overall in the daily time series displayed in the plot above. The time period covered by the series stretches from September 2004 to May 2026.
History. Have a look at a few simple statistics computed on the full sample: the forward rate had a mean of 1.19 percent; it recorded its maximum of 4.46 on 2 July 2008; it hit a trough of -0.83 on 30 March 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-12 | 2.5585 |
| 2026-05-13 | 2.5615 |
| 2026-05-14 | 2.5543 |
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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.