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. As indicated by European Central Bank's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 23-year maturity was 4.41 percent on 14 May 2026, compared to 4.42 on 13 May 2026.
Sample. In the daily series displayed in the plot, there are 5,543 records in total. The series covers the time period stretching from September 2004 to May 2026.
History. Here's a glimpse of a few simple statistics we computed on the whole sample: the forward rate was equal on average to 3.60 percent; it recorded its maximum of 6.30 on 15 November 2011; it reached a trough of 0.89 on 11 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-12 | 4.4641 |
| 2026-05-13 | 4.4211 |
| 2026-05-14 | 4.4135 |
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Not for investment purposes. Financial data made available on FetchSeries are not suitable for investment purposes or as a basis for financial-decision making. Users should obtain expert advice and do independent analysis before making any financial commitments.
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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