28-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. According to ECB's statistics computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 28-year maturity was 3.04 percent on 24 September 2025, compared to 3.07 on 23 September 2025.
Sample. The daily series shown in the graph has 5,382 observations. The span of time covered by the series is from September 2004 to September 2025.
History. Here are some statistics computed on the entire sample: the forward rate reached a maximum of 5.56 percent on 22 September 2008; it reached its lowest level of -0.33 on 12 March 2020; it was equal on average to 2.48.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.016 |
| 2025-09-23 | 3.066 |
| 2025-09-24 | 3.0357 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 28-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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