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 ECB's statistics computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 18-year maturity was 3.92 percent on 29 December 2025, versus 3.93 on 24 December 2025.
Sample. In this daily time series, there are a total of 5,448 observations. The series covers the time period stretching from September 2004 to December 2025.
History. Have a look at some descriptive statistics computed on the entire sample: the forward rate reached a minimum of -0.27 percent on 12 March 2020; it recorded its maximum of 5.53 on 22 September 2008; it averaged 2.83.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.9327 |
| 2025-12-24 | 3.9267 |
| 2025-12-29 | 3.9162 |
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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 |
Series in the same data set
Discover the other time series included in this data set.