21-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 European Central Bank's statistics calculated on AAA securities, the instantaneous forward rate on euro-area government bonds at the 21-year maturity was 3.80 percent on 29 December 2025, the same value recorded on 24 December.
Sample. In this daily series, there are 5,448 observations in total. The series covers the time period stretching from September 2004 to December 2025.
History. Here’s a quick look at a few statistics computed on the whole sample: the forward rate recorded a bottom of -0.29 percent on 12 March 2020; it attained a maximum of 5.55 on 22 September 2008; it had an average value of 2.72.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.8127 |
| 2025-12-24 | 3.7986 |
| 2025-12-29 | 3.7972 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 21-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.