14-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. As indicated by ECB's statistics computed on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 14-year maturity was 3.87 percent on 24 September 2025, compared to 3.86 on the previous day.
Sample. There are 5,382 observations overall in the daily series shown in the chart above. The span of time covered by the series stretches from September 2004 to September 2025.
History. Here's a peek at some summary statistics calculated on the whole sample: the forward rate hit a trough of -0.28 percent on 10 March 2020; it attained a maximum of 5.60 on 2 June 2009; it had an average value of 2.93.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.8922 |
| 2025-09-23 | 3.8569 |
| 2025-09-24 | 3.8692 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 14-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 |
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