20-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. Based on ECB's statistics calculated on AAA bonds, the instantaneous forward rate on euro-area government bonds at the 20-year maturity stood at 3.97 percent on 17 September 2026, versus 4.00 on 16 September.
Sample. There are 5,633 data points overall in the daily time series shown in the figure above. The span of time covered by the series goes from September 2004 to September 2026.
History. Here's a snapshot of some descriptive statistics calculated on the entire sample: the forward rate was equal on average to 2.79 percent; it hit a peak of 5.54 on 22 September 2008; it reached a minimum of -0.29 on 12 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-15 | 4.02830 |
| 2026-09-16 | 4.00490 |
| 2026-09-17 | 3.97290 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 20-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 |
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