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. According to ECB's statistics calculated on AAA securities, the instantaneous forward rate on euro-area government bonds at the 5-year maturity was 2.79 percent on 13 November 2025, compared to 2.75 on the previous day.
Sample. In this daily series, there are 5,418 observations in total. The span of time covered by the series is from September 2004 to November 2025.
History. Here's a peek at a few descriptive statistics we computed on the entire sample: the forward rate hit a peak of 4.88 percent on 16 October 2008; it reached its lowest level of -0.89 on 9 March 2020; it was equal on average to 2.09.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 2.7733 |
| 2025-11-12 | 2.7484 |
| 2025-11-13 | 2.7858 |
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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 |