9-month instantaneous forward rate on government bonds (percentage points; nominal; interpolated; AAA rating) - 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 AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 9-month maturity was 1.95 percent on 13 November 2025, compared to 1.94 on 12 November.
Sample. The daily series displayed in the chart has 5,418 data points. The time span covered by the series extends from September 2004 to November 2025.
History. Here's a glimpse of some simple statistics we computed on the entire sample: the forward rate reached a minimum of -0.97 percent on 12 March 2020; it recorded a maximum of 4.83 on 9 June 2008; it was equal on average to 0.98.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9295 |
| 2025-11-12 | 1.9375 |
| 2025-11-13 | 1.9517 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 9-month rate ECB instantaneous forward yield curve (AAA 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 |