23-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 ECB's statistics calculated on AAA securities, the instantaneous forward rate on euro-area government bonds at the 23-year maturity stood at 3.46 percent on 31 March 2026, compared to 3.48 on the previous day.
Sample. There are 5,514 observations overall in the daily time series displayed in the plot above. The time range covered by the series goes from September 2004 to March 2026.
History. Take a look at a few descriptive statistics we calculated on the whole sample: the forward rate hit a trough of -0.31 percent on 12 March 2020; it recorded its maximum of 5.55 on 22 September 2008; it had a mean of 2.66.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-27 | 3.5204 |
| 2026-03-30 | 3.4836 |
| 2026-03-31 | 3.463 |
Tip. To simplify exploration, we organize indicators into data sets and worksheets. When you look below, you will find how we arranged further information related to the statistics published here.
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Series Metadata
| Field | Value |
|---|---|
| Description | 23-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
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