20-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 bonds, the instantaneous forward rate on euro-area government bonds at the 20-year maturity stood at 3.87 percent on 22 June 2026, as on 19 June 2026.
Sample. There are 5,570 records overall in the daily time series shown in the graph above. The series covers the time span stretching from September 2004 to June 2026.
History. Here’s a quick look at a few summary statistics computed on the entire sample: the forward rate had a mean of 2.78 percent; it recorded its maximum of 5.54 on 22 September 2008; it reached a minimum of -0.29 on 12 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-18 | 3.8107 |
| 2026-06-19 | 3.8728 |
| 2026-06-22 | 3.8712 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 20-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 |
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