18-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. According to ECB's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 18-year maturity stood at 4.89 percent on 29 September 2026, versus 4.87 on 28 September.
Sample. There are 5,641 data points in the daily time series displayed in the chart above. The series covers the time span extending from September 2004 to September 2026.
History. Here’s a quick look at a few summary statistics we computed on the whole sample: the forward rate was equal on average to 3.71 percent; it attained a maximum of 6.30 on 15 November 2011; it reached its lowest level of 0.89 on 11 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-25 | 4.7913 |
| 2026-09-28 | 4.8702 |
| 2026-09-29 | 4.8886 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 18-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 |
Series in the same data set
Discover the other time series included in this data set.