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 ECB's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 5-month maturity stood at 1.98 percent on 30 September 2025, versus 1.99 on 29 September 2025.
Sample. In this daily time series, there are 5,386 observations overall. The series covers the time span extending from September 2004 to September 2025.
History. Take a look at some simple statistics we computed on the whole sample: the forward rate averaged 1.20 percent; it hit a peak of 4.57 on 9 June 2008; it reached a minimum of -0.75 on 19 November 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 1.9897 |
| 2025-09-29 | 1.9859 |
| 2025-09-30 | 1.9844 |
Suggestion. We organize indicators into worksheets and datasets for our users' convenience. By scrolling down, you will find how we structured further information linked to the statistics published here.
Not for investment purposes. Any financial data made available on this web site are not not supposed to be used for investment purposes or as a basis for making financial decisions. Users should consult professional advice and perform their own independent due diligence before taking any financial risk.
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 |