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. According to European Central Bank's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 15-year maturity was 4.54 percent on 30 September 2025, versus 4.55 on the previous day.
Sample. There are 5,386 records overall in the daily series presented in the plot above. The series covers the span of time extending from September 2004 to September 2025.
History. Here's a peek at a few descriptive statistics computed on the entire sample: the forward rate reached a trough of 0.83 percent on 11 December 2020; it reached a maximum of 6.29 on 15 November 2011; it was equal on average to 3.69.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 4.6016 |
| 2025-09-29 | 4.5466 |
| 2025-09-30 | 4.544 |
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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 |