16-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 16-year maturity was 3.75 percent on 13 November 2025, versus 3.73 on the previous day.
Sample. There are 5,418 observations overall in the daily time series displayed in the graph above. The series covers the period going from September 2004 to November 2025.
History. Here's a glimpse of some summary statistics computed on the whole sample: the forward rate hit a maximum of 5.50 percent on 22 September 2008; it reached its lowest level of -0.27 on 10 March 2020; it had an average value of 2.89.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 3.7262 |
| 2025-11-12 | 3.7251 |
| 2025-11-13 | 3.748 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 16-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 |