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. As indicated by ECB's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 20-year maturity stood at 4.50 percent on 29 December 2025, the same value recorded on 24 December.
Sample. This daily series has 5,448 data points in total. The series covers the time period going from September 2004 to December 2025.
History. Take a look at a few descriptive statistics we computed on the full sample: the forward rate reached its highest level of 6.30 percent on 15 November 2011; it reached a minimum of 0.90 on 11 March 2020; it had an average value of 3.65.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 4.4988 |
| 2025-12-24 | 4.4992 |
| 2025-12-29 | 4.497 |
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.