15-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 computed on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 15-year maturity was 3.78 percent on 30 September 2025, the same as on 29 September.
Sample. The daily time series presented in the chart has a total of 5,386 data points. The series covers the span of time going from September 2004 to September 2025.
History. Here are some simple statistics we computed on the entire sample: the forward rate reached its minimum of -0.27 percent on 10 March 2020; it peaked at 5.51 on 2 June 2009; it had a mean value of 2.91.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.8264 |
| 2025-09-29 | 3.782 |
| 2025-09-30 | 3.7765 |
Suggestion. For easier exploration, we organize time series into data sets and worksheets. Scrolling downwards, you will find how we structured further information linked to the statistics found here.
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Series Metadata
| Field | Value |
|---|---|
| Description | 15-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 |