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 calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 9-year maturity was 3.46 percent on 13 November 2025, versus 3.45 on 12 November 2025.
Sample. In the daily series presented in the plot, there are 5,418 data points in total. The time period covered by the series is from September 2004 to November 2025.
History. Check out a few statistics we calculated on the whole sample: the forward rate had a mean value of 2.79 percent; it hit a trough of -0.48 on 9 March 2020; it achieved a maximum of 5.69 on 2 June 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 3.4634 |
| 2025-11-12 | 3.4538 |
| 2025-11-13 | 3.4619 |
Hint. Our metadata often contain references to the sources of the data we provide. You can use these references to find additional information.
Not for investment purposes. Data series and other information made available on this web site are not suitable for investment purposes or any other financial decision. Users should ask for professional advice and perform independent analysis before making any financial commitments.
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 |