28-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 28-year maturity was 2.98 percent on 30 September 2025, compared to 2.93 on 29 September 2025.
Sample. There are 5,386 data points in the daily series presented in the plot above. The series covers the period stretching from September 2004 to September 2025.
History. Here's a peek at some descriptive statistics we computed on the whole sample: the forward rate was equal on average to 2.48 percent; it reached its lowest level of -0.33 on 12 March 2020; it recorded a maximum of 5.56 on 22 September 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.0022 |
| 2025-09-29 | 2.9295 |
| 2025-09-30 | 2.9779 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 28-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 |