21-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; all ratings) - 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 securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 21-year maturity was 4.44 percent on 29 December 2025, unchanged with respect to 24 December.
Sample. There are 5,448 data points in the daily time series presented in the graph above. The series covers the time span going from September 2004 to December 2025.
History. Have a look at a few descriptive statistics we calculated on the full sample: the forward rate attained a maximum of 6.30 percent on 15 November 2011; it hit a trough of 0.89 on 11 March 2020; it was equal on average to 3.63.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 4.4388 |
| 2025-12-24 | 4.4392 |
| 2025-12-29 | 4.4409 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 21-year rate ECB instantaneous forward yield curve (all 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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