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-rated bonds, the instantaneous forward rate on euro-area government bonds at the 23-year maturity stood at 3.78 percent on 12 February 2026, unchanged with respect to 11 February 2026.
Sample. There are 5,480 data points overall in the daily time series shown in the figure above. The period covered by the series goes from September 2004 to February 2026.
History. Here’s a quick look at some simple statistics calculated on the whole sample: the forward rate attained a maximum of 5.55 percent on 22 September 2008; it reached its minimum of -0.31 on 12 March 2020; it had an average value of 2.65.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-10 | 3.7679 |
| 2026-02-11 | 3.7834 |
| 2026-02-12 | 3.7793 |
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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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