25-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 European Central Bank's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 25-year maturity was 3.98 percent on 24 September 2025, compared to 3.99 on 23 September.
Sample. The daily time series shown in the figure has 5,382 records. The time range covered by the series is from September 2004 to September 2025.
History. Here's a glimpse of some simple statistics we calculated on the entire sample: the forward rate recorded a maximum of 6.30 percent on 15 November 2011; it hit a trough of 0.88 on 11 March 2020; it had a mean of 3.54.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 4.0207 |
| 2025-09-23 | 3.9937 |
| 2025-09-24 | 3.9846 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 25-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 |
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