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 was 4.60 percent on 14 May 2026, compared to 4.63 on 13 May.
Sample. There are 5,543 data points in the daily series presented in the figure above. The time period covered by the series stretches from September 2004 to May 2026.
History. Check out some summary statistics calculated on the whole sample: the forward rate recorded a maximum of 6.30 percent on 15 November 2011; it hit a minimum of 0.89 on 11 March 2020; it had a mean value of 3.69.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-12 | 4.6521 |
| 2026-05-13 | 4.626 |
| 2026-05-14 | 4.5967 |
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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.