12-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 calculated on AAA securities, the instantaneous forward rate on euro-area government bonds at the 12-year maturity was 3.75 percent on 30 September 2025, versus 3.76 on the previous day.
Sample. This daily time series has 5,386 records overall. The series covers the period stretching from September 2004 to September 2025.
History. Here's a peek at a few summary statistics we computed on the full sample: the forward rate had a mean of 2.93 percent; it reached its maximum of 5.73 on 2 June 2009; it reached a trough of -0.32 on 10 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.8075 |
| 2025-09-29 | 3.7626 |
| 2025-09-30 | 3.7507 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 12-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 |