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 ECB's statistics computed on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 9-year maturity stood at 3.66 percent on 29 December 2025, compared to 3.69 on 24 December.
Sample. The daily series displayed in the graph has a total of 5,448 data points. The series covers the period going from September 2004 to December 2025.
History. Check out a few statistics we computed on the entire sample: the forward rate was equal on average to 2.80 percent; it hit a maximum of 5.69 on 2 June 2009; it reached a trough of -0.48 on 9 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.6784 |
| 2025-12-24 | 3.6879 |
| 2025-12-29 | 3.6587 |
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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 |
Series in the same data set
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