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 calculated on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 20-year maturity was 3.66 percent on 31 March 2026, compared to 3.68 on the previous day.
Sample. There are 5,514 records overall in the daily time series shown in the plot above. The series covers the period extending from September 2004 to March 2026.
History. Have a look at a few descriptive statistics we computed on the entire sample: the forward rate reached its minimum of -0.29 percent on 12 March 2020; it peaked at 5.54 on 22 September 2008; it was equal on average to 2.77.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-27 | 3.7149 |
| 2026-03-30 | 3.678 |
| 2026-03-31 | 3.6558 |
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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 |
Series in the same data set
Discover the other time series included in this data set.