28-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 computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 28-year maturity stood at 3.65 percent on 30 September 2025, compared to 3.62 on 29 September.
Sample. There are 5,386 records in the daily series displayed in the figure above. The series covers the time span stretching from September 2004 to September 2025.
History. Check out some descriptive statistics computed on the entire sample: the forward rate hit a maximum of 6.30 percent on 15 November 2011; it hit a minimum of 0.86 on 11 March 2020; it averaged 3.48.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-26 | 3.6603 |
| 2025-09-29 | 3.6245 |
| 2025-09-30 | 3.6511 |
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Not for investment purposes. Data and any other information published on this web site are not intended for investment purposes or as a basis for financial-decision making. Users should obtain professional advice and perform independent analysis before making any financial commitments.
Series Metadata
| Field | Value |
|---|---|
| Description | 28-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 |