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. As indicated by ECB's statistics computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 19-year maturity was 3.88 percent on 29 December 2025, versus 3.89 on 24 December.
Sample. There are 5,448 data points in the daily time series shown in the chart above. The series covers the time span going from September 2004 to December 2025.
History. Here's a snapshot of a few simple statistics computed on the full sample: the forward rate attained a maximum of 5.54 percent on 22 September 2008; it hit a minimum of -0.28 on 12 March 2020; it had a mean value of 2.79.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.8994 |
| 2025-12-24 | 3.8907 |
| 2025-12-29 | 3.8833 |
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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 |
Series in the same data set
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