20-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; all ratings) - 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 ECB's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 20-year maturity stood at 4.27 percent on 13 November 2025, compared to 4.25 on the previous day.
Sample. In the daily time series displayed in the figure, there are 5,418 data points. The time period covered by the series goes from September 2004 to November 2025.
History. Take a look at some descriptive statistics computed on the entire sample: the forward rate had a mean of 3.64 percent; it recorded a bottom of 0.90 on 11 March 2020; it achieved a maximum of 6.30 on 15 November 2011.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 4.2589 |
| 2025-11-12 | 4.249 |
| 2025-11-13 | 4.2696 |
Suggestion. We group time series into data sets and worksheets to simplify exploration. By scrolling down, you will find how we arranged further information related to the statistics found here.
Not for investment purposes. Information distributed on this web site is not meant for investment purposes or other financial decisions. Users should ask for expert advice and do independent analysis before taking any financial risk.
Series Metadata
| Field | Value |
|---|---|
| Description | 20-year rate ECB instantaneous forward yield curve (all 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 |