11-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 European Central Bank's statistics calculated on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 11-year maturity was 3.65 percent on 13 November 2025, versus 3.64 on 12 November 2025.
Sample. There are 5,418 records overall in the daily time series shown in the graph above. The series covers the time span stretching from September 2004 to November 2025.
History. Here’s a quick look at some summary statistics we calculated on the full sample: the forward rate had an average value of 2.91 percent; it reached its lowest level of -0.35 on 10 March 2020; it reached a maximum of 5.75 on 2 June 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 3.6423 |
| 2025-11-12 | 3.6426 |
| 2025-11-13 | 3.6481 |
Tip. We group series into worksheets and datasets to facilitate exploration. Scrolling downwards, you will find how we arranged further material linked to the statistics provided here.
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Series Metadata
| Field | Value |
|---|---|
| Description | 11-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 |