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 ECB's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 23-year maturity was 4.57 percent on 13 August 2026, compared to 4.55 on 12 August.
Sample. There are 5,608 observations in the daily series presented in the plot above. The time period covered by the series extends from September 2004 to August 2026.
History. Check out a few statistics calculated on the entire sample: the forward rate reached its lowest level of 0.89 percent on 11 March 2020; it reached its maximum of 6.30 on 15 November 2011; it had a mean of 3.61.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-11 | 4.5449 |
| 2026-08-12 | 4.5541 |
| 2026-08-13 | 4.5707 |
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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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