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. As indicated by ECB's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 28-year maturity was 3.92 percent on 29 December 2025, compared to 3.90 on 24 December.
Sample. In the daily series displayed in the plot, there are 5,448 observations. The series covers the time period going from September 2004 to December 2025.
History. Check out some descriptive statistics calculated on the entire sample: the forward rate was equal on average to 3.48 percent; it peaked at 6.30 on 15 November 2011; it reached a minimum of 0.86 on 11 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.8962 |
| 2025-12-24 | 3.8968 |
| 2025-12-29 | 3.9215 |
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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 |
Series in the same data set
Discover the other time series included in this data set.