27-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. Based on European Central Bank's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 27-year maturity stood at 3.80 percent on 24 September 2025, compared to 3.81 on the previous day.
Sample. In the daily time series shown in the plot, there are a total of 5,382 observations. The series covers the time period going from September 2004 to September 2025.
History. Here’s a quick look at some descriptive statistics we computed on the whole sample: the forward rate attained a maximum of 6.30 percent on 15 November 2011; it reached its lowest level of 0.87 on 11 March 2020; it averaged 3.50.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.8353 |
| 2025-09-23 | 3.8086 |
| 2025-09-24 | 3.7975 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 27-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.