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. According to European Central Bank's statistics calculated on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 15-year maturity was 3.96 percent on 29 December 2025, compared to 3.98 on 24 December 2025.
Sample. In this daily time series, there are 5,448 observations overall. The series covers the time period stretching from September 2004 to December 2025.
History. Take a look at a few descriptive statistics calculated on the full sample: the forward rate reached a minimum of -0.27 percent on 10 March 2020; it attained a maximum of 5.51 on 2 June 2009; it was equal on average to 2.92.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.9775 |
| 2025-12-24 | 3.9794 |
| 2025-12-29 | 3.9605 |
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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 |
Series in the same data set
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