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 calculated 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, the same value recorded on 23 September 2025.
Sample. This daily time series has 5,382 records. The series covers the time period stretching from September 2004 to September 2025.
History. Here are a few statistics calculated on the full sample: the forward rate recorded a maximum of 6.30 percent on 15 November 2011; it registered a minimum of 0.89 on 11 March 2020; it had a mean value of 3.62.
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 |
Series in the same data set
Discover the other time series included in this data set.