23-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; all ratings) - 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 European Central Bank's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 23-year maturity stood at 4.17 percent on 31 March 2026, versus 4.19 on 30 March.
Sample. There are 5,514 observations in the daily series displayed in the graph above. The series covers the span of time extending from September 2004 to March 2026.
History. Here's a glimpse of a few descriptive statistics we computed on the full sample: the forward rate had an average value of 3.59 percent; it recorded a minimum of 0.89 on 11 March 2020; it recorded a maximum of 6.30 on 15 November 2011.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-27 | 4.1963 |
| 2026-03-30 | 4.1872 |
| 2026-03-31 | 4.1722 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 23-year rate ECB instantaneous forward yield curve (all 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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