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 ECB's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 25-year maturity stood at 3.98 percent on 24 September 2025, versus 3.99 on 23 September 2025.
Sample. There are 5,382 records in the daily series shown in the figure above. The span of time covered by the series is from September 2004 to September 2025.
History. Here's a glimpse of a few simple statistics we calculated on the entire sample: the forward rate was equal on average to 3.54 percent; it recorded a minimum of 0.88 on 11 March 2020; it peaked at 6.30 on 15 November 2011.
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 |
Series in the same data set
Discover the other time series included in this data set.