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 securities, the instantaneous forward rate on euro-area government bonds at the 15-year maturity stood at 3.76 percent on 13 November 2025, compared to 3.74 on 12 November 2025.
Sample. The daily time series plotted above has 5,418 observations overall. The series covers the span of time going from September 2004 to November 2025.
History. Here’s a quick look at some descriptive statistics computed on the whole sample: the forward rate had a mean value of 2.91 percent; it reached its lowest level of -0.27 on 10 March 2020; it reached its highest level of 5.51 on 2 June 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 3.7411 |
| 2025-11-12 | 3.7434 |
| 2025-11-13 | 3.7613 |
Tip. 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.
Not for investment purposes. Data series and other information accessible on this web site are not suitable for investment purposes or as a basis for financial-decision making. Users should seek professional advice and perform independent analysis before making any financial commitments.
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 |