25-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 securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 25-year maturity stood at 3.90 percent on 13 November 2025, versus 3.88 on 12 November.
Sample. There are 5,418 data points overall in the daily time series displayed in the chart above. The time range covered by the series is from September 2004 to November 2025.
History. Here’s a quick look at some simple statistics calculated on the whole sample: the forward rate hit a trough of 0.88 percent on 11 March 2020; it recorded its maximum of 6.30 on 15 November 2011; it was equal on average to 3.54.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 3.8773 |
| 2025-11-12 | 3.8789 |
| 2025-11-13 | 3.9015 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 25-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 |