12-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 European Central Bank's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 12-year maturity was 4.58 percent on 24 September 2025, compared to 4.57 on the previous day.
Sample. There are 5,382 observations overall in the daily series displayed in the figure above. The series covers the span of time extending from September 2004 to September 2025.
History. Here's a peek at some summary statistics computed on the entire sample: the forward rate had an average value of 3.65 percent; it registered a minimum of 0.61 on 15 December 2020; it attained a maximum of 6.28 on 15 November 2011.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 4.589 |
| 2025-09-23 | 4.5692 |
| 2025-09-24 | 4.5843 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 12-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.