5-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. According to European Central Bank's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 5-month maturity was 2.60 percent on 31 March 2026, the same value recorded on the previous day.
Sample. There are 5,514 data points in the daily series presented in the graph above. The series covers the time span stretching from September 2004 to March 2026.
History. Check out some simple statistics we calculated on the full sample: the forward rate reached its lowest level of -0.75 percent on 19 November 2021; it recorded its highest level of 4.57 on 9 June 2008; it had an average value of 1.22.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-27 | 2.6452 |
| 2026-03-30 | 2.6025 |
| 2026-03-31 | 2.5991 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 5-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 |
Series in the same data set
Discover the other time series included in this data set.