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. Based on 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 4.54 percent on 12 February 2026, compared to 4.58 on 11 February 2026.
Sample. There are 5,480 records overall in the daily time series displayed in the graph above. The span of time covered by the series stretches from September 2004 to February 2026.
History. Here are a few summary statistics computed on the full sample: the forward rate recorded a maximum of 6.30 percent on 15 November 2011; it reached its lowest level of 0.89 on 11 March 2020; it averaged 3.69.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-10 | 4.5798 |
| 2026-02-11 | 4.5835 |
| 2026-02-12 | 4.535 |
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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.