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. Based on European Central Bank's statistics computed on AAA securities, the instantaneous forward rate on euro-area government bonds at the 21-year maturity was 3.94 percent on 13 August 2026, compared to 3.91 on 12 August.
Sample. This daily series has a total of 5,608 observations. The time span covered by the series is from September 2004 to August 2026.
History. Here are some descriptive statistics we computed on the entire sample: the forward rate had a mean of 2.75 percent; it recorded its maximum of 5.55 on 22 September 2008; it reached a trough of -0.29 on 12 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-11 | 3.9287 |
| 2026-08-12 | 3.9126 |
| 2026-08-13 | 3.9359 |
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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 |
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