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 European Central Bank's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 20-year maturity stood at 4.45 percent on 12 February 2026, compared to 4.50 on 11 February 2026.
Sample. There are 5,480 data points in the daily time series presented in the chart above. The span of time covered by the series extends from September 2004 to February 2026.
History. Have a look at a few summary statistics we calculated on the entire sample: the forward rate reached its highest level of 6.30 percent on 15 November 2011; it recorded a bottom of 0.90 on 11 March 2020; it had a mean of 3.65.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-10 | 4.5008 |
| 2026-02-11 | 4.5045 |
| 2026-02-12 | 4.4463 |
Nugget of wisdom. 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.
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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 |
Series in the same data set
Discover the other time series included in this data set.