19-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; AAA rating) - 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 computed on AAA securities, the instantaneous forward rate on euro-area government bonds at the 19-year maturity stood at 3.64 percent on 13 November 2025, compared to 3.60 on 12 November 2025.
Sample. There are 5,418 observations in the daily time series shown in the graph above. The period covered by the series stretches from September 2004 to November 2025.
History. Here's a peek at a few statistics we calculated on the full sample: the forward rate hit a trough of -0.28 percent on 12 March 2020; it achieved a maximum of 5.54 on 22 September 2008; it averaged 2.79.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 3.6192 |
| 2025-11-12 | 3.6016 |
| 2025-11-13 | 3.6403 |
Hint. One of the pluses of our data visualization and download service is that we publish well-crafted metadata. Find it below to better understand the attributes of the time series that you use in your work.
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Series Metadata
| Field | Value |
|---|---|
| Description | 19-year rate ECB instantaneous forward yield curve (AAA 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 |