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 calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 9-month maturity was 1.95 percent on 30 September 2025, the same as on 29 September.
Sample. In this daily series, there are 5,386 records in total. The series covers the span of time extending from September 2004 to September 2025.
History. Here's a peek at a few descriptive statistics we calculated on the entire sample: the forward rate recorded a maximum of 4.83 percent on 9 June 2008; it reached its lowest level of -0.97 on 12 March 2020; it had a mean value of 0.98.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 1.954 |
| 2025-09-29 | 1.9532 |
| 2025-09-30 | 1.9484 |
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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 |