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 computed on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 21-year maturity stood at 3.97 percent on 29 September 2026, compared to 3.98 on 28 September.
Sample. There are 5,641 data points in the daily series shown in the plot above. The time period covered by the series extends from September 2004 to September 2026.
History. Here's a snapshot of a few descriptive statistics calculated on the full sample: the forward rate recorded its highest level of 5.55 percent on 22 September 2008; it recorded a minimum of -0.29 on 12 March 2020; it had an average value of 2.76.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-25 | 3.8985 |
| 2026-09-28 | 3.9807 |
| 2026-09-29 | 3.9738 |
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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
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