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 ECB's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 4-month maturity was 1.99 percent on 13 November 2025, compared to 1.98 on 12 November 2025.
Sample. There are 5,418 records in the daily time series shown in the figure above. The time range covered by the series goes from September 2004 to November 2025.
History. Here's a snapshot of a few simple statistics we calculated on the entire sample: the forward rate had an average value of 1.16 percent; it attained a maximum of 4.46 on 2 July 2008; it reached a trough of -0.83 on 30 March 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9786 |
| 2025-11-12 | 1.9821 |
| 2025-11-13 | 1.9941 |
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Not for investment purposes. Any data found on this web site are not meant for investment purposes or any other financial decision. Users should seek professional advice and perform independent analysis before making any financial commitments.
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 |