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. Based on ECB's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 5-month maturity was 1.99 percent on 13 November 2025, compared to 1.98 on the previous day.
Sample. This daily time series has 5,418 data points. The series covers the time span going from September 2004 to November 2025.
History. Here's a snapshot of a few statistics we calculated on the full sample: the forward rate achieved a maximum of 4.57 percent on 9 June 2008; it hit a trough of -0.75 on 19 November 2021; it had an average value of 1.20.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9747 |
| 2025-11-12 | 1.9751 |
| 2025-11-13 | 1.9891 |
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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 |