23-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. Based on ECB's statistics computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 23-year maturity was 3.42 percent on 24 September 2025, compared to 3.44 on 23 September.
Sample. There are 5,382 observations in the daily series displayed in the plot above. The time period covered by the series is from September 2004 to September 2025.
History. Here are a few statistics computed on the entire sample: the forward rate had an average value of 2.64 percent; it registered a minimum of -0.31 on 12 March 2020; it reached its highest level of 5.55 on 22 September 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.4166 |
| 2025-09-23 | 3.4387 |
| 2025-09-24 | 3.4212 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 23-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.