18-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 securities, the instantaneous forward rate on euro-area government bonds at the 18-year maturity was 3.67 percent on 30 September 2025, the same as on 29 September 2025.
Sample. In this daily series, there are 5,386 records in total. The series covers the span of time going from September 2004 to September 2025.
History. Here's a glimpse of a few summary statistics calculated on the whole sample: the forward rate had a mean value of 2.82 percent; it hit a trough of -0.27 on 12 March 2020; it reached its highest level of 5.53 on 22 September 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.7156 |
| 2025-09-29 | 3.6666 |
| 2025-09-30 | 3.673 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 18-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 |