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 ECB's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 18-year maturity was 4.49 percent on 31 March 2026, compared to 4.52 on the previous day.
Sample. There are 5,514 observations overall in the daily time series presented in the graph above. The time span covered by the series extends from September 2004 to March 2026.
History. Take a look at a few statistics we computed on the full sample: the forward rate reached a minimum of 0.89 percent on 11 March 2020; it hit a maximum of 6.30 on 15 November 2011; it had an average value of 3.69.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-27 | 4.5559 |
| 2026-03-30 | 4.5201 |
| 2026-03-31 | 4.4933 |
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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.