4-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; AAA rating) - 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 computed on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 4-year maturity was 2.87 percent on 14 May 2026, compared to 2.91 on 13 May.
Sample. There are 5,543 data points in the daily time series shown in the graph above. The period covered by the series extends from September 2004 to May 2026.
History. Have a look at some summary statistics we computed on the whole sample: the forward rate hit a trough of -0.99 percent on 9 March 2020; it reached a maximum of 4.74 on 13 October 2008; it had an average value of 1.83.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-12 | 2.9065 |
| 2026-05-13 | 2.914 |
| 2026-05-14 | 2.87 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 4-year rate ECB instantaneous forward yield curve (AAA 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.