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. According to ECB's statistics calculated on AAA-rated bonds, the instantaneous forward rate on euro-area government bonds at the 20-year maturity stood at 3.56 percent on 30 September 2025, versus 3.54 on 29 September.
Sample. In this daily time series, there are 5,386 data points. The series covers the span of time going from September 2004 to September 2025.
History. Take a look at a few descriptive statistics we computed on the full sample: the forward rate hit a minimum of -0.29 percent on 12 March 2020; it hit a maximum of 5.54 on 22 September 2008; it had a mean value of 2.75.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.5981 |
| 2025-09-29 | 3.5442 |
| 2025-09-30 | 3.5599 |
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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 |