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 securities, the instantaneous forward rate on euro-area government bonds at the 18-year maturity was 3.95 percent on 12 February 2026, versus 3.98 on 11 February.
Sample. In the daily time series presented in the chart, there are a total of 5,480 data points. The series covers the time span going from September 2004 to February 2026.
History. Check out a few descriptive statistics calculated on the whole sample: the forward rate averaged 2.84 percent; it reached a maximum of 5.53 on 22 September 2008; it recorded a minimum of -0.27 on 12 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-10 | 3.9849 |
| 2026-02-11 | 3.9751 |
| 2026-02-12 | 3.9462 |
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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.