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 European Central Bank's statistics calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 5-year maturity was 3.05 percent on 14 May 2026, compared to 3.10 on 13 May.
Sample. There are 5,543 observations in the daily series displayed in the chart above. The time range covered by the series is from September 2004 to May 2026.
History. Here’s a quick look at a few statistics we computed on the entire sample: the forward rate peaked at 4.88 percent on 16 October 2008; it registered a minimum of -0.89 on 9 March 2020; it was equal on average to 2.11.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-12 | 3.0978 |
| 2026-05-13 | 3.1016 |
| 2026-05-14 | 3.0541 |
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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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