8-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 calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 8-month maturity was 1.99 percent on 13 November 2025, compared to 1.97 on the previous day.
Sample. There are 5,418 data points in the daily series shown in the graph above. The period covered by the series extends from September 2004 to November 2025.
History. Take a look at a few simple statistics we calculated on the whole sample: the forward rate averaged 1.31 percent; it reached its lowest level of -0.72 on 19 November 2021; it recorded a maximum of 4.81 on 9 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9794 |
| 2025-11-12 | 1.9731 |
| 2025-11-13 | 1.9927 |
Nugget of wisdom. We group time series into worksheets and datasets to simplify exploration. By scrolling down, you will discover how we arranged further material linked to the statistics provided here.
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Series Metadata
| Field | Value |
|---|---|
| Description | 8-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 |