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 ECB's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 23-year maturity was 4.10 percent on 30 September 2025, versus 4.08 on 29 September.
Sample. There are 5,386 data points overall in the daily time series presented in the figure above. The series covers the period stretching from September 2004 to September 2025.
History. Check out a few summary statistics computed on the full sample: the forward rate recorded its maximum of 6.30 percent on 15 November 2011; it reached its minimum of 0.89 on 11 March 2020; it had a mean value of 3.58.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 4.1249 |
| 2025-09-29 | 4.0797 |
| 2025-09-30 | 4.0985 |
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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 |