22-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 computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 22-year maturity stood at 3.50 percent on 24 September 2025, versus 3.51 on 23 September.
Sample. There are 5,382 data points in the daily series shown in the chart above. The time range covered by the series goes from September 2004 to September 2025.
History. Here's a glimpse of some summary statistics we calculated on the whole sample: the forward rate recorded a bottom of -0.30 percent on 12 March 2020; it recorded its highest level of 5.55 on 22 September 2008; it averaged 2.67.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.4939 |
| 2025-09-23 | 3.5094 |
| 2025-09-24 | 3.495 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 22-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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