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 bonds, the instantaneous forward rate on euro-area government bonds at the 5-year maturity was 2.99 percent on 29 December 2025, compared to 3.04 on 24 December.
Sample. This daily time series has 5,448 data points. The time span covered by the series extends from September 2004 to December 2025.
History. Here's a snapshot of some statistics calculated on the entire sample: the forward rate had an average value of 2.10 percent; it reached its highest level of 4.88 on 16 October 2008; it reached its lowest level of -0.89 on 9 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.0357 |
| 2025-12-24 | 3.0372 |
| 2025-12-29 | 2.9899 |
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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 |
Series in the same data set
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