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. As indicated by ECB's statistics calculated on AAA securities, the instantaneous forward rate on euro-area government bonds at the 21-year maturity stood at 3.49 percent on 30 September 2025, compared to 3.47 on 29 September 2025.
Sample. There are 5,386 observations overall in the daily series shown in the plot above. The series covers the span of time extending from September 2004 to September 2025.
History. Here are a few summary statistics calculated on the full sample: the forward rate had a mean of 2.71 percent; it reached a maximum of 5.55 on 22 September 2008; it recorded a minimum of -0.29 on 12 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.5311 |
| 2025-09-29 | 3.4745 |
| 2025-09-30 | 3.4949 |
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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 |