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. According to ECB's statistics computed on AAA securities, the instantaneous forward rate on euro-area government bonds at the 9-year maturity was 3.52 percent on 30 September 2025, compared to 3.54 on the previous day.
Sample. There are 5,386 observations in the daily series presented in the plot above. The series covers the period going from September 2004 to September 2025.
History. Here’s a quick look at a few descriptive statistics we calculated on the entire sample: the forward rate reached its maximum of 5.69 percent on 2 June 2009; it recorded a minimum of -0.48 on 9 March 2020; it had an average value of 2.79.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.5854 |
| 2025-09-29 | 3.536 |
| 2025-09-30 | 3.5249 |
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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 |