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 ECB's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 4-month maturity stood at 2.04 percent on 29 December 2025, the same as on 24 December 2025.
Sample. In the daily series presented in the plot, there are 5,448 data points. The span of time covered by the series is from September 2004 to December 2025.
History. Have a look at some descriptive statistics calculated on the entire sample: the forward rate recorded a bottom of -0.83 percent on 30 March 2022; it recorded its highest level of 4.46 on 2 July 2008; it had a mean value of 1.17.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 2.039 |
| 2025-12-24 | 2.0433 |
| 2025-12-29 | 2.035 |
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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.