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. As indicated by ECB's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 9-month maturity was 2.00 percent on 13 November 2025, versus 1.98 on the previous day.
Sample. There are 5,418 data points overall in the daily series presented in the plot above. The series covers the span of time extending from September 2004 to November 2025.
History. Have a look at some simple statistics we calculated on the whole sample: the forward rate had a mean of 1.33 percent; it recorded a bottom of -0.71 on 19 November 2021; it peaked at 4.85 on 9 June 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.986 |
| 2025-11-12 | 1.978 |
| 2025-11-13 | 1.9994 |
Hint. One of the pros of our data visualization and download service is that we publish accurate metadata. Check it below to learn more about the attributes of the time series that you use in your research.
Not for investment purposes. Any financial data accessible on this web site are not intended for investment purposes or any other financial decision. Users should seek professional advice and perform independent analysis before pledging money to any investment.
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 |