28-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 ECB's statistics calculated on bonds across all ratings, the instantaneous forward rate on euro-area government bonds at the 28-year maturity stood at 3.70 percent on 24 September 2025, compared to 3.71 on 23 September 2025.
Sample. There are 5,382 data points in the daily series displayed in the plot above. The series covers the time period going from September 2004 to September 2025.
History. Check out some descriptive statistics we computed on the whole sample: the forward rate had a mean value of 3.48 percent; it reached its minimum of 0.86 on 11 March 2020; it attained a maximum of 6.30 on 15 November 2011.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-22 | 3.7409 |
| 2025-09-23 | 3.7145 |
| 2025-09-24 | 3.7025 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 28-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 |
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