9-year 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. Based on European Central Bank's statistics calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 9-year maturity stood at 3.68 percent on 14 May 2026, compared to 3.74 on the previous day.
Sample. There are 5,543 data points in the daily series displayed in the chart above. The series covers the time period extending from September 2004 to May 2026.
History. Here's a peek at some summary statistics we computed on the whole sample: the forward rate recorded its highest level of 5.69 percent on 2 June 2009; it hit a trough of -0.48 on 9 March 2020; it had an average value of 2.81.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-12 | 3.7424 |
| 2026-05-13 | 3.7404 |
| 2026-05-14 | 3.682 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 9-year 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 |
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