12-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. As indicated by European Central Bank's statistics computed on AAA securities, the instantaneous forward rate on euro-area government bonds at the 12-year maturity stood at 3.84 percent on 24 September 2025, compared to 3.82 on 23 September.
Sample. In this daily time series, there are 5,382 observations in total. The time period covered by the series is from September 2004 to September 2025.
History. Check out some statistics we computed on the full sample: the forward rate registered a minimum of -0.32 percent on 10 March 2020; it recorded its highest level of 5.73 on 2 June 2009; it had an average value of 2.93.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.8594 |
| 2025-09-23 | 3.8196 |
| 2025-09-24 | 3.8356 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 12-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 |
Series in the same data set
Discover the other time series included in this data set.