23-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 bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 23-year maturity was 4.16 percent on 24 September 2025, versus 4.17 on 23 September 2025.
Sample. There are 5,382 observations in the daily series shown in the graph above. The series covers the time range going from September 2004 to September 2025.
History. Here are a few descriptive statistics we calculated on the whole sample: the forward rate hit a minimum of 0.89 percent on 11 March 2020; it peaked at 6.30 on 15 November 2011; it had a mean of 3.58.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 4.197 |
| 2025-09-23 | 4.17 |
| 2025-09-24 | 4.1634 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 23-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.