18-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. According to European Central Bank's statistics calculated on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 18-year maturity stood at 4.77 percent on 17 September 2026, versus 4.81 on the previous day.
Sample. There are 5,633 data points overall in the daily series shown in the plot above. The time period covered by the series is from September 2004 to September 2026.
History. Here are a few summary statistics computed on the entire sample: the forward rate recorded a bottom of 0.89 percent on 11 March 2020; it peaked at 6.30 on 15 November 2011; it averaged 3.71.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-15 | 4.83690 |
| 2026-09-16 | 4.81110 |
| 2026-09-17 | 4.77210 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 18-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.