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 calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 9-month maturity was 2.03 percent on 12 February 2026, the same as on the previous day.
Sample. There are 5,480 data points overall in the daily series presented in the chart above. The span of time covered by the series goes from September 2004 to February 2026.
History. Here are some summary statistics we calculated on the full sample: the forward rate reached its minimum of -0.71 percent on 19 November 2021; it peaked at 4.85 on 9 June 2008; it averaged 1.34.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-10 | 2.023 |
| 2026-02-11 | 2.0282 |
| 2026-02-12 | 2.0283 |
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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 |
Series in the same data set
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