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. As indicated by European Central Bank's statistics computed on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 5-year maturity was 2.97 percent on 22 June 2026, compared to 2.99 on 19 June.
Sample. In the daily time series presented in the chart, there are 5,570 observations. The time range covered by the series extends from September 2004 to June 2026.
History. Here's a glimpse of some descriptive statistics we calculated on the whole sample: the forward rate reached its minimum of -0.89 percent on 9 March 2020; it peaked at 4.88 on 16 October 2008; it had a mean value of 2.12.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-18 | 2.934 |
| 2026-06-19 | 2.991 |
| 2026-06-22 | 2.9669 |
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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
Discover the other time series included in this data set.