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 computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 18-year maturity was 4.37 percent on 13 November 2025, compared to 4.36 on 12 November 2025.
Sample. This daily series has a total of 5,418 data points. The period covered by the series stretches from September 2004 to November 2025.
History. Have a look at some summary statistics we calculated on the full sample: the forward rate was equal on average to 3.68 percent; it recorded a minimum of 0.89 on 11 March 2020; it reached its maximum of 6.30 on 15 November 2011.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 4.3699 |
| 2025-11-12 | 4.3553 |
| 2025-11-13 | 4.3746 |
Tip. We group series into worksheets and datasets to simplify exploration. When you navigate further down, you will discover how we structured further material linked to the statistics provided here.
Not for investment purposes. Content published on this web site is not suitable for investment purposes or other financial decisions. Users should seek expert advice and perform independent analysis before pledging money to any investment.
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 |