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 ECB's statistics computed on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 21-year maturity stood at 3.86 percent on 12 February 2026, compared to 3.88 on 11 February.
Sample. This daily time series has 5,480 data points in total. The series covers the time period extending from September 2004 to February 2026.
History. Here’s a quick look at a few descriptive statistics we calculated on the whole sample: the forward rate reached its minimum of -0.29 percent on 12 March 2020; it attained a maximum of 5.55 on 22 September 2008; it had a mean of 2.72.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-10 | 3.8722 |
| 2026-02-11 | 3.8773 |
| 2026-02-12 | 3.8634 |
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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.