5-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 European Central Bank's statistics calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 5-year maturity was 2.86 percent on 24 September 2025, unchanged with respect to the previous day.
Sample. There are 5,382 records in the daily series presented in the graph above. The series covers the time span going from September 2004 to September 2025.
History. Here's a snapshot of a few statistics we computed on the full sample: the forward rate had an average value of 2.09 percent; it hit a minimum of -0.89 on 9 March 2020; it recorded its maximum of 4.88 on 16 October 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 2.8562 |
| 2025-09-23 | 2.8639 |
| 2025-09-24 | 2.8624 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 5-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 |
Series in the same data set
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