9-year 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. According to ECB's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 9-year maturity was 4.26 percent on 29 December 2025, compared to 4.30 on 24 December 2025.
Sample. There are 5,448 observations in the daily series presented in the plot above. The period covered by the series stretches from September 2004 to December 2025.
History. Here's a glimpse of a few simple statistics calculated on the entire sample: the forward rate had an average value of 3.47 percent; it hit a maximum of 6.16 on 15 November 2011; it reached a trough of 0.17 on 16 August 2019.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 4.2964 |
| 2025-12-24 | 4.2967 |
| 2025-12-29 | 4.258 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 9-year 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 |
Series in the same data set
Discover the other time series included in this data set.