12-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; all ratings) - 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 bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 12-year maturity was 4.55 percent on 29 December 2025, compared to 4.58 on 24 December 2025.
Sample. There are 5,448 records in the daily time series displayed in the figure above. The span of time covered by the series is from September 2004 to December 2025.
History. Have a look at some summary statistics calculated on the entire sample: the forward rate registered a minimum of 0.61 percent on 15 December 2020; it recorded a maximum of 6.28 on 15 November 2011; it averaged 3.66.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 4.5808 |
| 2025-12-24 | 4.5811 |
| 2025-12-29 | 4.5494 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 12-year rate ECB instantaneous forward yield curve (all 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 |
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