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 3.71 percent on 20 April 2026, the same as on 17 April.
Sample. The daily series presented in the graph has 5,526 records overall. The series covers the time range extending from September 2004 to April 2026.
History. Here’s a quick look at a few descriptive statistics computed on the entire sample: the forward rate registered a minimum of -0.31 percent on 12 March 2020; it recorded its highest level of 5.55 on 22 September 2008; it was equal on average to 2.66.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-16 | 3.7212 |
| 2026-04-17 | 3.7135 |
| 2026-04-20 | 3.7089 |
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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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