5-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. Based on European Central Bank's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 5-year maturity was 3.42 percent on 24 September 2025, compared to 3.41 on the previous day.
Sample. The daily series presented in the plot has 5,382 records. The time range covered by the series stretches from September 2004 to September 2025.
History. Here are some summary statistics we computed on the whole sample: the forward rate reached its lowest level of -0.34 percent on 11 December 2020; it peaked at 5.37 on 28 November 2011; it had a mean value of 2.70.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.4144 |
| 2025-09-23 | 3.4097 |
| 2025-09-24 | 3.4226 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 5-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
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