5-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. Based on ECB's statistics calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 5-year maturity was 2.82 percent on 30 September 2025, the same value recorded on 29 September.
Sample. There are 5,386 records in the daily time series shown in the chart above. The series covers the time range extending from September 2004 to September 2025.
History. Here's a snapshot of a few statistics we computed on the full sample: the forward rate had a mean of 2.09 percent; it hit a minimum of -0.89 on 9 March 2020; it attained a maximum of 4.88 on 16 October 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 2.8664 |
| 2025-09-29 | 2.8234 |
| 2025-09-30 | 2.8177 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 5-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 |