14-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 computed on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 14-year maturity stood at 3.95 percent on 29 December 2025, compared to 3.97 on 24 December 2025.
Sample. There are 5,448 data points in the daily series displayed in the figure above. The series covers the time span extending from September 2004 to December 2025.
History. Here's a peek at a few simple statistics we calculated on the full sample: the forward rate attained a maximum of 5.60 percent on 2 June 2009; it reached its lowest level of -0.28 on 10 March 2020; it had an average value of 2.94.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.9695 |
| 2025-12-24 | 3.9737 |
| 2025-12-29 | 3.9523 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 14-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 |
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