9-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 ECB's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 9-month maturity stood at 3.38 percent on 29 September 2026, compared to 3.39 on 28 September.
Sample. There are 5,641 observations in the daily time series presented in the graph above. The time period covered by the series extends from September 2004 to September 2026.
History. Here's a snapshot of some descriptive statistics calculated on the full sample: the forward rate hit a trough of -0.71 percent on 19 November 2021; it reached a maximum of 4.85 on 9 June 2008; it was equal on average to 1.38.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-25 | 3.4096 |
| 2026-09-28 | 3.3858 |
| 2026-09-29 | 3.3773 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 9-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 |
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