21-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. As indicated by European Central Bank's statistics computed on securities across all ratings, the instantaneous forward rate on euro-area government bonds at the 21-year maturity was 4.33 percent on 24 September 2025, unchanged with respect to the previous day.
Sample. There are 5,382 records in the daily time series presented in the figure above. The series covers the period extending from September 2004 to September 2025.
History. Take a look at some statistics we calculated on the entire sample: the forward rate had a mean value of 3.62 percent; it recorded its highest level of 6.30 on 15 November 2011; it reached a minimum of 0.89 on 11 March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 4.3572 |
| 2025-09-23 | 4.3305 |
| 2025-09-24 | 4.3271 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 21-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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