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-rated securities, the instantaneous forward rate on euro-area government bonds at the 23-year maturity was 3.73 percent on 14 May 2026, as on 13 May 2026.
Sample. The daily time series shown in the plot has 5,543 records. The series covers the period stretching from September 2004 to May 2026.
History. Here are a few descriptive statistics computed on the entire sample: the forward rate had an average value of 2.66 percent; it hit a minimum of -0.31 on 12 March 2020; it recorded its highest level of 5.55 on 22 September 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-12 | 3.735 |
| 2026-05-13 | 3.7338 |
| 2026-05-14 | 3.7346 |
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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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