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. Based on European Central Bank's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 8-month maturity stood at 2.00 percent on 30 September 2025, versus 1.99 on 29 September 2025.
Sample. The daily time series presented in the chart has 5,386 data points overall. The series covers the time span extending from September 2004 to September 2025.
History. Here are some summary statistics we computed on the whole sample: the forward rate reached a trough of -0.72 percent on 19 November 2021; it recorded its maximum of 4.81 on 9 June 2008; it had a mean value of 1.30.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 2.0039 |
| 2025-09-29 | 1.9933 |
| 2025-09-30 | 1.9976 |
Tip. 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 |