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. As indicated by ECB's statistics calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 20-year maturity was 3.63 percent on 24 September 2025, versus 3.64 on 23 September.
Sample. In the daily time series shown in the chart, there are 5,382 data points in total. The series covers the span of time going from September 2004 to September 2025.
History. Here’s a quick look at a few simple statistics computed on the entire sample: the forward rate was equal on average to 2.74 percent; it attained a maximum of 5.54 on 22 September 2008; it reached its minimum of -0.29 on 12 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.639 |
| 2025-09-23 | 3.6405 |
| 2025-09-24 | 3.633 |
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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 |
Series in the same data set
Discover the other time series included in this data set.