5-month 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. Based on ECB's statistics calculated on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 5-month maturity stood at 1.92 percent on 13 November 2025, versus 1.93 on 12 November.
Sample. The daily series shown in the plot has 5,418 observations overall. The series covers the period going from September 2004 to November 2025.
History. Here's a peek at some summary statistics calculated on the entire sample: the forward rate was equal on average to 0.95 percent; it hit a maximum of 4.57 on 9 June 2008; it recorded a bottom of -0.91 on 10 March 2017.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9184 |
| 2025-11-12 | 1.9255 |
| 2025-11-13 | 1.9231 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 5-month 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 |