20-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 ECB's statistics computed on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 20-year maturity stood at 4.40 percent on 24 September 2025, unchanged with respect to the previous day.
Sample. There are 5,382 observations overall in the daily series shown in the chart above. The series covers the span of time stretching from September 2004 to September 2025.
History. Here’s a quick look at some descriptive statistics we calculated on the entire sample: the forward rate was equal on average to 3.64 percent; it reached a minimum of 0.90 on 11 March 2020; it hit a peak of 6.30 on 15 November 2011.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 4.4287 |
| 2025-09-23 | 4.4023 |
| 2025-09-24 | 4.4006 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 20-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 |
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