22-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 calculated on AAA securities, the instantaneous forward rate on euro-area government bonds at the 22-year maturity stood at 3.75 percent on 29 December 2025, compared to 3.74 on 24 December.
Sample. There are 5,448 data points overall in the daily time series presented in the graph above. The time range covered by the series goes from September 2004 to December 2025.
History. Here are a few statistics we computed on the full sample: the forward rate had an average value of 2.68 percent; it recorded its highest level of 5.55 on 22 September 2008; it reached its minimum of -0.30 on 12 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.7612 |
| 2025-12-24 | 3.7446 |
| 2025-12-29 | 3.7461 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 22-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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