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. According to European Central Bank's statistics computed on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 23-year maturity was 3.77 percent on 22 June 2026, compared to 3.76 on 19 June.
Sample. There are 5,570 observations overall in the daily series presented in the plot above. The time period covered by the series extends from September 2004 to June 2026.
History. Here’s a quick look at a few simple statistics we computed on the full sample: the forward rate had an average value of 2.67 percent; it reached its minimum of -0.31 on 12 March 2020; it reached a maximum of 5.55 on 22 September 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-18 | 3.7056 |
| 2026-06-19 | 3.7636 |
| 2026-06-22 | 3.7665 |
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 |
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