15-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 15-year maturity stood at 4.45 percent on 13 November 2025, compared to 4.44 on the previous day.
Sample. This daily series has 5,418 data points in total. The series covers the span of time extending from September 2004 to November 2025.
History. Here's a peek at a few descriptive statistics calculated on the full sample: the forward rate had an average value of 3.70 percent; it recorded its highest level of 6.29 on 15 November 2011; it reached a trough of 0.83 on 11 December 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 4.4576 |
| 2025-11-12 | 4.4362 |
| 2025-11-13 | 4.453 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 15-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 |