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. According to European Central Bank's statistics calculated on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 4-year maturity stood at 2.66 percent on 12 February 2026, compared to 2.68 on 11 February.
Sample. There are 5,480 observations in the daily series shown in the figure above. The series covers the period extending from September 2004 to February 2026.
History. Here are some simple statistics we calculated on the full sample: the forward rate hit a trough of -0.99 percent on 9 March 2020; it attained a maximum of 4.74 on 13 October 2008; it had an average value of 1.82.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-10 | 2.6674 |
| 2026-02-11 | 2.6777 |
| 2026-02-12 | 2.6622 |
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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.