21-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily
This series is part of the dataset: US Treasury zero-coupon and forward rates (Federal Reserve)
Download Full Dataset (.xlsx)Latest updates. In the United States, the 21-year continuously compounded instantaneous forward rate on Treasuries was 5.83 per cent on 25 September 2026, versus 5.76 on the previous day.
Sample. This daily time series has 10,195 observations overall. The series covers the time period extending from November 1985 to September 2026.
History. Have a look at a few summary statistics we calculated on the entire sample: the forward rate recorded a bottom of 1.69 per cent on 9 March 2020; it reached a maximum of 11.29 on 25 November 1985; it had an average value of 5.52.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-23 | 5.7073 |
| 2026-09-24 | 5.7614 |
| 2026-09-25 | 5.8269 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 21-year continuously compounded instantaneous forward rate on Treasuries |
| Country | United States |
| Economic concept | Interest rate |
| Data type | Instantaneous forward rate |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Interpolated level |
| Frequency | Daily |
| Unit | Percentage points |
| Source | Board of Governors of the Federal Reserve System |
| Source type | Central bank |
| Data licence | Licence to copy and distribute without permission |
| Other information | Yield curve fitted with Svensson method |
| FSR temporal aggregation code | LD1 |
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