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 bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 18-year maturity stood at 4.59 percent on 20 April 2026, compared to 4.58 on 17 April.
Sample. There are 5,526 data points overall in the daily time series presented in the plot above. The time period covered by the series extends from September 2004 to April 2026.
History. Take a look at a few summary statistics we calculated on the entire sample: the forward rate reached its maximum of 6.30 percent on 15 November 2011; it reached its minimum of 0.89 on 11 March 2020; it averaged 3.69.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-16 | 4.6054 |
| 2026-04-17 | 4.5758 |
| 2026-04-20 | 4.5875 |
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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.