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 ECB's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 25-year maturity was 3.93 percent on 30 September 2025, compared to 3.90 on 29 September 2025.
Sample. There are 5,386 data points overall in the daily series shown in the figure above. The series covers the time span stretching from September 2004 to September 2025.
History. Here's a snapshot of some simple statistics we computed on the entire sample: the forward rate hit a peak of 6.30 percent on 15 November 2011; it recorded a bottom of 0.88 on 11 March 2020; it was equal on average to 3.54.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.9443 |
| 2025-09-29 | 3.9028 |
| 2025-09-30 | 3.9253 |
Hint. A plus of our data visualization and download service is that we give you rich metadata. Check it below to better understand the properties of the time series that you are exploring.
Not for investment purposes. Time series and other data found on this web site are not intended for investment purposes or other financial decisions. Users should seek professional advice and perform their own independent due diligence before pledging money to any investment.
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 |