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 ECB's statistics computed on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 4-year maturity was 2.58 percent on 30 September 2025, compared to 2.59 on 29 September 2025.
Sample. There are 5,386 data points overall in the daily series presented in the graph above. The time range covered by the series goes from September 2004 to September 2025.
History. Here’s a quick look at some descriptive statistics calculated on the entire sample: the forward rate recorded its highest level of 4.74 percent on 13 October 2008; it registered a minimum of -0.99 on 9 March 2020; it averaged 1.80.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 2.6204 |
| 2025-09-29 | 2.5857 |
| 2025-09-30 | 2.5798 |
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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 |