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 European Central Bank's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 18-year maturity stood at 4.45 percent on 30 September 2025, compared to 4.44 on the previous day.
Sample. There are 5,386 observations in the daily time series presented in the plot above. The series covers the time period going from September 2004 to September 2025.
History. Here's a snapshot of a few summary statistics computed on the whole sample: the forward rate registered a minimum of 0.89 percent on 11 March 2020; it recorded its highest level of 6.30 on 15 November 2011; it had a mean value of 3.67.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 4.4925 |
| 2025-09-29 | 4.4398 |
| 2025-09-30 | 4.4463 |
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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 |