Yield Curve - European Union

Euro Area Yield Curve – ECB Daily Spot Rates
The Euro area yield curve reflects the nominal interest rates on government bonds with various maturities, issued by triple-A rated entities in the eurozone. These values, also known as spot rates, are published by the European Central Bank (ECB) every business day at around 12:00 CET, covering the previous day’s market conditions.

Interactive Chart and Yield Curve Analysis
The table above provides a comprehensive daily view of spot rates for maturities ranging from 3 months to 10 years. Each row can be expanded to show a dynamic chart that reveals how yields have evolved over time. This visualization is ideal for assessing market sentiment, investor expectations, and the economic outlook across different time horizons.

Understanding the Yield Curve
The yield curve, also called the term structure of interest rates, shows the relationship between bond yields and time to maturity. A rising curve typically signals growth and inflation expectations, while a flat or inverted curve can indicate economic slowdown or market uncertainty.


Frequently Asked Questions about the EU Yield Curve

What is the euro area yield curve?
The euro area yield curve is a graphical representation of spot interest rates for government bonds with different maturities. It shows how yields change over time, helping to assess market expectations for inflation and interest rate changes.

Who publishes the EU yield curve data?
The European Central Bank (ECB) publishes the euro area yield curve data every business day, using inputs from bonds issued by highly rated eurozone entities.

What maturities are included in the ECB yield curve?
The most common maturities include: 3 months, 6 months, 9 months, 1 year, 2 years, 3 years, 4 years, 5 years, and 10 years. These points help map the full shape of the curve.

What does the shape of the yield curve indicate?
A normal upward-sloping curve signals economic expansion and potential inflation. A flat curve may suggest uncertainty, while an inverted curve often precedes recessions and signals negative growth expectations.

How can I use the interactive chart?
Click on any maturity row in the table to view a historical chart showing how that particular yield has evolved. You can track daily changes and zoom in on key timeframes to better understand market trends.

What affects changes in the EU yield curve?
Factors include ECB monetary policy, inflation expectations, investor risk appetite, and macroeconomic indicators. Geopolitical tensions and global interest rate shifts also play a role.

Why are yield curves important?
They guide investment strategies, pricing of loans, and bond market decisions. Central banks, governments, and private investors all monitor the yield curve to make informed economic and financial choices.