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. Based on European Central Bank's statistics calculated on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 5-year maturity was 3.42 percent on 17 September 2026, compared to 3.47 on 16 September 2026.
Sample. The daily time series shown in the chart has 5,633 records overall. The time range covered by the series goes from September 2004 to September 2026.
History. Here's a glimpse of a few simple statistics computed on the whole sample: the forward rate had an average value of 2.13 percent; it recorded a bottom of -0.89 on 9 March 2020; it peaked at 4.88 on 16 October 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-15 | 3.46580 |
| 2026-09-16 | 3.46630 |
| 2026-09-17 | 3.41500 |
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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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