14-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 ECB's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 14-year maturity stood at 4.55 percent on 30 September 2025, unchanged with respect to the previous day.
Sample. In the daily series displayed in the figure, there are 5,386 records. The series covers the span of time stretching from September 2004 to September 2025.
History. Take a look at a few statistics we calculated on the full sample: the forward rate averaged 3.69 percent; it hit a trough of 0.77 on 15 December 2020; it hit a peak of 6.29 on 15 November 2011.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 4.6085 |
| 2025-09-29 | 4.5533 |
| 2025-09-30 | 4.5474 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 14-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 |