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 bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 4-month maturity stood at 1.99 percent on 30 September 2025, the same value recorded on 29 September 2025.
Sample. In this daily time series, there are 5,386 observations overall. The period covered by the series stretches from September 2004 to September 2025.
History. Take a look at a few statistics we calculated on the entire sample: the forward rate reached its lowest level of -0.83 percent on 30 March 2022; it achieved a maximum of 4.46 on 2 July 2008; it averaged 1.16.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 1.9913 |
| 2025-09-29 | 1.9903 |
| 2025-09-30 | 1.986 |
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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 |